https://www.taxtmi.com/caselaws?id=19173 The High Court of Madras determined that the expenditure of Rs. 4,19,000 for re-roofing the spinning department by a public limited company should be treated as a revenue expenditure. The Court held that the replacement of the roof was for repair and modernization purposes, not for creating a new asset with enduring benefits. Therefore, the expenditure was deemed of revenue nature, affirming the Tribunal's decision. No costs were awarded, and a counsel fee of Rs. 1,000 was specified. en-us Wed, 16 Nov 1994 00:00:00 +0530 Wed, 04 Nov 2009 13:57:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19173 The High Court of Madras determined that the expenditure of Rs. 4,19,000 for re-roofing the spinning department by a public limited company should be treated as a revenue expenditure. The Court held that the replacement of the roof was for repair and modernization purposes, not for creating a new asset with enduring benefits. Therefore, the expenditure was deemed of revenue nature, affirming the Tribunal's decision. No costs were awarded, and a counsel fee of Rs. 1,000 was specified. Case-Laws Income Tax Wed, 16 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19173