https://www.taxtmi.com/caselaws?id=1772 The court upheld the disallowance of repair and maintenance expenses as capital expenditure, dismissing the appellant's appeal. The court found that the expenses incurred by the assessee resulted in acquiring new assets and were of a capital nature, not merely for current repairs. Emphasizing the enduring benefits and savings in revenue expenditure, the court aligned with the distinction between capital and revenue expenditure. Consequently, the appeal was dismissed, affirming the disallowance of Rs. 7 lakhs on account of repair and maintenance expenses for the assessment year 1998-99. en-us Wed, 28 Mar 2007 00:00:00 +0530 Sat, 02 Aug 2008 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1772 The court upheld the disallowance of repair and maintenance expenses as capital expenditure, dismissing the appellant's appeal. The court found that the expenses incurred by the assessee resulted in acquiring new assets and were of a capital nature, not merely for current repairs. Emphasizing the enduring benefits and savings in revenue expenditure, the court aligned with the distinction between capital and revenue expenditure. Consequently, the appeal was dismissed, affirming the disallowance of Rs. 7 lakhs on account of repair and maintenance expenses for the assessment year 1998-99. Case-Laws Income Tax Wed, 28 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1772