Held that the assessee is a lease holder, hence the maintenance and repair charges are allowable as revenue expenditure. (ITA No. 1223 /Mum/ 2017 dt. 9-2-2021) (AY. 2013-14)
Shree Nirmal Commercial Ltd. v. ITO (2021) The Chamber’s Journal-June-P 128 (Mum.)(Trib.)
S. 37(1) : Business expenditure-Capital or revenue-Lease holder-Repair and maintenance-Allowable as revenue expenditure.