https://www.taxtmi.com/caselaws?id=291027 A new motor-car destroyed by accident was not treated as "obsolete machinery", because that expression covers machinery that has become outdated while still capable of functioning; a broken-up and useless car does not qualify, so the deduction was disallowed on that claim. By contrast, expenditure on current repairs and renewals needed to keep business vehicles in working order was treated as revenue expenditure incurred for earning profits, and the availability of one deduction head did not exclude another where the statutory words were satisfied. However, additions to machinery and plant remained capital in nature and were not deductible as repairs. en-us Tue, 08 Sep 1925 00:00:00 +0530 Tue, 27 Oct 2020 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291027 A new motor-car destroyed by accident was not treated as "obsolete machinery", because that expression covers machinery that has become outdated while still capable of functioning; a broken-up and useless car does not qualify, so the deduction was disallowed on that claim. By contrast, expenditure on current repairs and renewals needed to keep business vehicles in working order was treated as revenue expenditure incurred for earning profits, and the availability of one deduction head did not exclude another where the statutory words were satisfied. However, additions to machinery and plant remained capital in nature and were not deductible as repairs. Case-Laws Income Tax Tue, 08 Sep 1925 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291027