https://www.taxtmi.com/caselaws?id=25060 The Court ruled in favor of the assessee, allowing the deduction of Rs. 1,44,061 as revenue expenditure for current repairs related to rectifying defects in blow room machinery. The expenses incurred for import duties, clearing and forwarding charges, and erection and servicing were deemed necessary to bring the machinery to full capacity and quality, constituting current repairs rather than capital expenditure. The Tribunal's decision was upheld, emphasizing that the expenditure directly related to repairing and servicing existing machinery, leading to a judgment against the Revenue in favor of the assessee. en-us Mon, 11 Aug 1986 00:00:00 +0530 Mon, 25 Jan 2010 11:22:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25060 The Court ruled in favor of the assessee, allowing the deduction of Rs. 1,44,061 as revenue expenditure for current repairs related to rectifying defects in blow room machinery. The expenses incurred for import duties, clearing and forwarding charges, and erection and servicing were deemed necessary to bring the machinery to full capacity and quality, constituting current repairs rather than capital expenditure. The Tribunal's decision was upheld, emphasizing that the expenditure directly related to repairing and servicing existing machinery, leading to a judgment against the Revenue in favor of the assessee. Case-Laws Income Tax Mon, 11 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25060