Held that the expenditure had been incurred by assessee for maintaining its business, for increasing its efficiency and for preserving its already existing asset. Expenditure is allowable as revenue expenditure. (AY. 2008-09)
UHDE India (P.) Ltd. v. ACIT (2021) 190 ITD 777 / 211 TTJ 339 (Mum.) (Trib.)
S. 37(1) : Business expenditure-Capital or revenue-Repair and maintenance of office premises-Allowable as revenue expenditure.