https://www.taxtmi.com/caselaws?id=7857 A lessee was allowed deductions for repairs undertaken under the lease obligation to keep the factory building and machinery in working order. The factory building repair expense was treated as a permissible lessee repair allowance and not as capital expenditure. The machinery repair expense was treated as revenue expenditure because the machinery did not form part of the premises, belonged to the owners, and had to be returned in working order. Both items were therefore allowable deductions in favour of the assessee. en-us Thu, 07 May 1970 00:00:00 +0530 Mon, 23 Mar 2009 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7857 A lessee was allowed deductions for repairs undertaken under the lease obligation to keep the factory building and machinery in working order. The factory building repair expense was treated as a permissible lessee repair allowance and not as capital expenditure. The machinery repair expense was treated as revenue expenditure because the machinery did not form part of the premises, belonged to the owners, and had to be returned in working order. Both items were therefore allowable deductions in favour of the assessee. Case-Laws Income Tax Thu, 07 May 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7857