https://www.taxtmi.com/caselaws?id=189009 Expenditure on replacing worn-out parts of the Casablanca High Drafting System was treated as current repairs because it preserved the existing spinning machinery without creating a new asset or enduring advantage, and was therefore revenue expenditure. The Tribunal was held competent under its appellate powers to consider an alternative claim not urged before the earlier appellate authority and to allow the full revenue outlay once its true character was established. By contrast, fitting new windows to the factory building was treated as an alteration bringing an enduring improvement to the building, so that expenditure was capital in nature and not allowable as current repairs. en-us Thu, 12 Mar 1964 00:00:00 +0530 Fri, 23 Dec 2016 16:42:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189009 Expenditure on replacing worn-out parts of the Casablanca High Drafting System was treated as current repairs because it preserved the existing spinning machinery without creating a new asset or enduring advantage, and was therefore revenue expenditure. The Tribunal was held competent under its appellate powers to consider an alternative claim not urged before the earlier appellate authority and to allow the full revenue outlay once its true character was established. By contrast, fitting new windows to the factory building was treated as an alteration bringing an enduring improvement to the building, so that expenditure was capital in nature and not allowable as current repairs. Case-Laws Income Tax Thu, 12 Mar 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189009