[aaykarbhavan] Exp. incurred by Transport Corporations on repair of buses was revenue exp. under sec. 37(1), rules HC

Exp. incurred by Transport Corporations on repair of buses was revenue exp. under sec. 37(1), rules HC

July 29, 2014[2014] 46 taxmann.com 375 (Karnataka)

IT : Where assessee, engaged in providing transport facilities to public, incurred certain routine expenditure to keep buses fit and roadworthy without obtaining any enduring benefit, its claim for deduction of said expenditure was to be allowed

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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