https://www.taxtmi.com/caselaws?id=178888 Substantial replacement of the old roofs of labour quarters with new khaprails was treated as capital expenditure because the work went beyond ordinary maintenance, renewed a depreciated structure, and enhanced the value of the business asset. The court held that the fact the roofs were not rebuilt from the foundation did not convert the expenditure into current repairs, since the nature of the work was renovation and substantial renewal rather than repair. It was therefore not allowable as revenue expenditure or as current repairs. en-us Thu, 20 Dec 1951 00:00:00 +0530 Fri, 31 Jul 2020 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178888 Substantial replacement of the old roofs of labour quarters with new khaprails was treated as capital expenditure because the work went beyond ordinary maintenance, renewed a depreciated structure, and enhanced the value of the business asset. The court held that the fact the roofs were not rebuilt from the foundation did not convert the expenditure into current repairs, since the nature of the work was renovation and substantial renewal rather than repair. It was therefore not allowable as revenue expenditure or as current repairs. Case-Laws Income Tax Thu, 20 Dec 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178888