https://www.taxtmi.com/caselaws?id=178888 The note addresses whether full replacement of roofs on thirty-four labour quarters constitutes capital or revenue expenditure under the Income-tax Act. It applies the legal distinction between current repairs and capital renewal, recognising that complete re-roofing with new khaprails materially increased the asset's value and extended its useful life; accordingly such works are capital expenditure rather than deductible current repairs. The analysis distinguishes precedent on facts and observes that depreciation treatment, not current-repair deduction, is the appropriate fiscal consequence; costs awarded to the revenue are noted. 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 The note addresses whether full replacement of roofs on thirty-four labour quarters constitutes capital or revenue expenditure under the Income-tax Act. It applies the legal distinction between current repairs and capital renewal, recognising that complete re-roofing with new khaprails materially increased the asset's value and extended its useful life; accordingly such works are capital expenditure rather than deductible current repairs. The analysis distinguishes precedent on facts and observes that depreciation treatment, not current-repair deduction, is the appropriate fiscal consequence; costs awarded to the revenue are noted. Case-Laws Income Tax Thu, 20 Dec 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178888