https://www.taxtmi.com/caselaws?id=5829 Expenditure incurred after derequisition of a colliery to renovate buildings, recondition machinery and remove debris for resuming mining operations was held to be revenue expenditure. The work merely restored an existing business unit to working condition in a continuing business, with no new asset created and no enduring advantage acquired. The special provision for current repairs did not prevent allowance under the general business-deduction provision merely because the items were not current repairs. As the outlay was wholly and exclusively for business purposes and incidental to the assessee's trade, it was deductible. en-us Mon, 14 Jan 1980 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5829 Expenditure incurred after derequisition of a colliery to renovate buildings, recondition machinery and remove debris for resuming mining operations was held to be revenue expenditure. The work merely restored an existing business unit to working condition in a continuing business, with no new asset created and no enduring advantage acquired. The special provision for current repairs did not prevent allowance under the general business-deduction provision merely because the items were not current repairs. As the outlay was wholly and exclusively for business purposes and incidental to the assessee's trade, it was deductible. Case-Laws Income Tax Mon, 14 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5829