https://www.taxtmi.com/caselaws?id=62107 The Appellate Tribunal allowed the appeal, holding that the expenditure claimed by the assessee for repairs on a 30-year-old building was solely for current repairs and not capital expenditure. The amount spent, Rs. 13,247, was deemed fully allowable as a deduction under Section 30 of the Income-tax Act, 1961 for computing business income. The Tribunal emphasized that the repairs did not constitute reconstruction or remodelling but were in the nature of current repairs, given the nominal cost in comparison to the building's value. en-us Tue, 30 Nov 1976 00:00:00 +0530 Tue, 18 Jan 2011 11:27:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62107 The Appellate Tribunal allowed the appeal, holding that the expenditure claimed by the assessee for repairs on a 30-year-old building was solely for current repairs and not capital expenditure. The amount spent, Rs. 13,247, was deemed fully allowable as a deduction under Section 30 of the Income-tax Act, 1961 for computing business income. The Tribunal emphasized that the repairs did not constitute reconstruction or remodelling but were in the nature of current repairs, given the nominal cost in comparison to the building's value. Case-Laws Income Tax Tue, 30 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62107