Repairs and Maintenance expenses of Transport Segment were incurred by its own vehicles and not on Hired Vehicles: ITAT deletes 20% Ad-hoc Disallowance [Read Order]

By Aparna. M - On July 30, 2023 9:15 am - 2 mins read

Repairs - Maintenance expenses - Repairs and Maintenance expenses Repairs and Maintenance expenses of Transport Segment Transport Segment

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that repairs and maintenance expenses of the transport segment was incurred by its own vehicles not on hired vehicles. Hence, the bench deleted the 20% ad hoc disallowance made by the assessing officer. The assessee City Lifeline Travels Pvt Ltd filed the appeal against the…

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