https://www.taxtmi.com/caselaws?id=7652 Expenditure incurred by a tenant in replacing the roofs of old leased godowns and dye-houses was treated as revenue expenditure because the work merely restored the premises to usable condition, did not create an enduring asset or permanent advantage beyond the lease term, and was laid out wholly and exclusively for business purposes. It was not allowable under the repair or contractual-obligation provisions discussed, but it was deductible in computing business income under the residuary business expenditure principle. en-us Tue, 19 Aug 1969 00:00:00 +0530 Tue, 17 Mar 2009 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7652 Expenditure incurred by a tenant in replacing the roofs of old leased godowns and dye-houses was treated as revenue expenditure because the work merely restored the premises to usable condition, did not create an enduring asset or permanent advantage beyond the lease term, and was laid out wholly and exclusively for business purposes. It was not allowable under the repair or contractual-obligation provisions discussed, but it was deductible in computing business income under the residuary business expenditure principle. Case-Laws Income Tax Tue, 19 Aug 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7652