https://www.taxtmi.com/caselaws?id=191817 Expenditure on fitting new lorry bodies in place of old, worn-out bodies was treated as current repairs because it merely restored the vehicles to roadworthy and usable condition. The distinction between repair and replacement was applied as one of degree, and the work did not bring into existence a new asset, increase the number of vehicles, or create an enduring addition. The cost was therefore deductible as current repairs and not capital expenditure. en-us Tue, 20 Sep 1960 00:00:00 +0530 Tue, 25 Apr 2017 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191817 Expenditure on fitting new lorry bodies in place of old, worn-out bodies was treated as current repairs because it merely restored the vehicles to roadworthy and usable condition. The distinction between repair and replacement was applied as one of degree, and the work did not bring into existence a new asset, increase the number of vehicles, or create an enduring addition. The cost was therefore deductible as current repairs and not capital expenditure. Case-Laws Income Tax Tue, 20 Sep 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191817