https://www.taxtmi.com/caselaws?id=274478 Expenditure on replacing railway sleepers, boiler parts and fire-boxes was treated as deductible revenue expenditure because "current repairs" is not limited to minor patchwork. The Patna HC applied the test whether the work merely restores defective subsidiary parts of an existing asset for continued use, rather than replacing the whole or substantially the whole asset. On that footing, replacement of subsidiary parts of machinery or plant can qualify as current repairs under section 10(2)(v), and the assessee's claim was allowed. en-us Mon, 20 Nov 1961 00:00:00 +0530 Fri, 17 Aug 2018 11:47:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274478 Expenditure on replacing railway sleepers, boiler parts and fire-boxes was treated as deductible revenue expenditure because "current repairs" is not limited to minor patchwork. The Patna HC applied the test whether the work merely restores defective subsidiary parts of an existing asset for continued use, rather than replacing the whole or substantially the whole asset. On that footing, replacement of subsidiary parts of machinery or plant can qualify as current repairs under section 10(2)(v), and the assessee's claim was allowed. Case-Laws Income Tax Mon, 20 Nov 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274478