https://www.taxtmi.com/caselaws?id=38914 The High Court allowed the writ appeal in favor of the assessee, holding that the repairs claimed qualified as "current repairs" under section 30(a)(ii) of the Income-tax Act, 1961. The court emphasized that the repairs were necessary for maintenance and did not result in an enduring asset. It concluded that the replacement of old cement sheets with new ones was not a capital asset but aimed at preserving and maintaining the existing asset. The court set aside the previous decision, allowing the deduction of the disallowed amount. en-us Fri, 05 Jul 1974 00:00:00 +0530 Sat, 10 Apr 2010 13:11:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38914 The High Court allowed the writ appeal in favor of the assessee, holding that the repairs claimed qualified as "current repairs" under section 30(a)(ii) of the Income-tax Act, 1961. The court emphasized that the repairs were necessary for maintenance and did not result in an enduring asset. It concluded that the replacement of old cement sheets with new ones was not a capital asset but aimed at preserving and maintaining the existing asset. The court set aside the previous decision, allowing the deduction of the disallowed amount. Case-Laws Income Tax Fri, 05 Jul 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38914