https://www.taxtmi.com/caselaws?id=21780 The High Court ruled in favor of the assessee, allowing the expenditure on repairs of a house property in Calcutta as general revenue expenditure under section 37 of the Income-tax Act, 1961. The Court held that the expenditure was necessary to restore the property to a habitable state and did not substantially improve its value, thus qualifying for deduction in computing income for the assessment year 1977-78. The Court's decision was unanimous, with no order as to costs. en-us Tue, 14 Jan 1992 00:00:00 +0530 Sat, 28 Nov 2009 16:34:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21780 The High Court ruled in favor of the assessee, allowing the expenditure on repairs of a house property in Calcutta as general revenue expenditure under section 37 of the Income-tax Act, 1961. The Court held that the expenditure was necessary to restore the property to a habitable state and did not substantially improve its value, thus qualifying for deduction in computing income for the assessment year 1977-78. The Court's decision was unanimous, with no order as to costs. Case-Laws Income Tax Tue, 14 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21780