https://www.taxtmi.com/caselaws?id=36995 The court held that the expenditure of Rs. 15,851 incurred by the assessee for replacing the motor engine is allowable as revenue expenditure under Section 31 of the Income-tax Act, 1961. The court determined that the replacement of the diesel engine constituted "current repairs," making the expenditure revenue in nature. The decision in R.B. Shreeram & Co. (P.) Ltd. v. CIT [1968] 67 ITR 428 was deemed incorrect, while the view in Hanuman Motor Service v. CIT [1967] 66 ITR 88 was upheld. en-us Fri, 10 Aug 1979 00:00:00 +0530 Thu, 25 Mar 2010 17:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36995 The court held that the expenditure of Rs. 15,851 incurred by the assessee for replacing the motor engine is allowable as revenue expenditure under Section 31 of the Income-tax Act, 1961. The court determined that the replacement of the diesel engine constituted "current repairs," making the expenditure revenue in nature. The decision in R.B. Shreeram & Co. (P.) Ltd. v. CIT [1968] 67 ITR 428 was deemed incorrect, while the view in Hanuman Motor Service v. CIT [1967] 66 ITR 88 was upheld. Case-Laws Income Tax Fri, 10 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36995