https://www.taxtmi.com/caselaws?id=29148 Expenditure on extensive repairs to an existing office building was held to be revenue in nature because it preserved and maintained the asset without creating additional space, altering its character, or bringing into existence a new asset or enduring advantage. The use of guniting and the fact that the repaired portions appeared new did not change the character of the outlay. Repairs that keep an existing building in usable condition remain deductible as revenue expenditure when they do not amount to structural reconstruction or remodelling. en-us Tue, 16 Aug 1977 00:00:00 +0530 Thu, 11 Mar 2010 11:30:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29148 Expenditure on extensive repairs to an existing office building was held to be revenue in nature because it preserved and maintained the asset without creating additional space, altering its character, or bringing into existence a new asset or enduring advantage. The use of guniting and the fact that the repaired portions appeared new did not change the character of the outlay. Repairs that keep an existing building in usable condition remain deductible as revenue expenditure when they do not amount to structural reconstruction or remodelling. Case-Laws Income Tax Tue, 16 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29148