https://www.taxtmi.com/caselaws?id=65047 The Tribunal classified the expenditure incurred on repairs and maintenance as both capital and revenue in nature. It allowed depreciation on the capital expenditure of Rs. 21,092, while directing the remaining amount to be treated as revenue expenditure. The Judicial Member considered most of the expenditure as revenue, except for the specified capital amount, whereas the Accountant Member viewed the entire expenditure as capital. The Third Member aligned with the Judicial Member, concluding that a significant portion of the expenditure was revenue in nature. The appeal was partly allowed, instructing the Assessing Officer to allow deductions accordingly. en-us Wed, 30 Sep 1992 00:00:00 +0530 Fri, 11 Feb 2011 18:31:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65047 The Tribunal classified the expenditure incurred on repairs and maintenance as both capital and revenue in nature. It allowed depreciation on the capital expenditure of Rs. 21,092, while directing the remaining amount to be treated as revenue expenditure. The Judicial Member considered most of the expenditure as revenue, except for the specified capital amount, whereas the Accountant Member viewed the entire expenditure as capital. The Third Member aligned with the Judicial Member, concluding that a significant portion of the expenditure was revenue in nature. The appeal was partly allowed, instructing the Assessing Officer to allow deductions accordingly. Case-Laws Income Tax Wed, 30 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65047