https://www.taxtmi.com/caselaws?id=26342 Expenditure on furnace repairs was treated as revenue in nature and therefore deductible in computing surtax liability. The court followed an earlier Division Bench decision involving the same assessee and assessment year, where the same repair expenditure had already been held deductible on identical facts. Applying that prior ruling, it confirmed that the full amount incurred on repairs of furnaces remained allowable as a deduction for surtax purposes. en-us Mon, 15 Sep 1986 00:00:00 +0530 Thu, 04 Feb 2010 13:05:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26342 Expenditure on furnace repairs was treated as revenue in nature and therefore deductible in computing surtax liability. The court followed an earlier Division Bench decision involving the same assessee and assessment year, where the same repair expenditure had already been held deductible on identical facts. Applying that prior ruling, it confirmed that the full amount incurred on repairs of furnaces remained allowable as a deduction for surtax purposes. Case-Laws Income Tax Mon, 15 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26342