https://www.taxtmi.com/caselaws?id=9066 Tenant-incurred roof repair expenditure on leased factory premises was treated as deductible where the lease and surrounding evidence showed an undertaking to bear repair costs. On that footing, the amount fell within the specific allowance for repairs undertaken by the tenant. Alternatively, the same expenditure was treated as revenue in nature and incurred for carrying on the business, so it could also qualify under the residuary business deduction provision. The commentary also notes that eligibility under a specific allowance does not automatically exclude consideration under the residuary clause if the specific conditions are not fully satisfied. en-us Fri, 15 Feb 1974 00:00:00 +0530 Fri, 19 Jun 2009 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9066 Tenant-incurred roof repair expenditure on leased factory premises was treated as deductible where the lease and surrounding evidence showed an undertaking to bear repair costs. On that footing, the amount fell within the specific allowance for repairs undertaken by the tenant. Alternatively, the same expenditure was treated as revenue in nature and incurred for carrying on the business, so it could also qualify under the residuary business deduction provision. The commentary also notes that eligibility under a specific allowance does not automatically exclude consideration under the residuary clause if the specific conditions are not fully satisfied. Case-Laws Income Tax Fri, 15 Feb 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9066