Authorities Fails to Realise Company’s Running Maintenance Office Expense: ITAT allows expenses u/s 24 (a) of Income Tax Act [Read Order]

The authorities have failed to appreciate and understand the fact that the assessee was a company and has to incur certain expenses to keep its office running
By Aiswarya Krishnadas - On March 12, 2024 9:02 am - 2 mins read
ITAT Kolkata - Income Tax Act - Income Tax - ITAT Decision on Office Maintenance Expense - Office Maintenance Expense - Taxscan

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) approved the claim for the company’s ongoing office maintenance expenses under Section 24(a) of the Income Tax Act, 1961, which the authorities had failed to realise. The assessee, Armasol Properties is a private limited company and derives income from business as well as…

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