https://www.taxtmi.com/article/detailed?id=1400 The court examined whether coronary surgery expenses qualify as a deductible current repairs cost of a plant or as a business expenditure. It held that a human organ cannot be treated as a business asset on the balance sheet and that medical treatment is inherently personal, lacking the exclusive business-purpose nexus required for deduction; where mixed personal and professional benefit exists, apportionment based on demonstrable business use is the appropriate approach. en-us Tue, 23 Aug 2011 11:02:00 +0530 Mon, 08 Mar 2021 10:32:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1400 The court examined whether coronary surgery expenses qualify as a deductible current repairs cost of a plant or as a business expenditure. It held that a human organ cannot be treated as a business asset on the balance sheet and that medical treatment is inherently personal, lacking the exclusive business-purpose nexus required for deduction; where mixed personal and professional benefit exists, apportionment based on demonstrable business use is the appropriate approach. Articles Income Tax Tue, 23 Aug 2011 11:02:00 +0530 https://www.taxtmi.com/article/detailed?id=1400