https://www.taxtmi.com/caselaws?id=39754 The High Court held that the expenditure of Rs. 12,000 under the "repairs account," which included fencing costs, was allowable as revenue expenditure for the assessment year 1964-65. The Court agreed with the Tribunal's decision that the expenditure was directly related to the day-to-day business of tea growing and essential for business continuity, despite providing an enduring advantage to the property. The Court ruled in favor of the assessee, directing each party to bear its own costs. en-us Wed, 11 Sep 1974 00:00:00 +0530 Tue, 20 Apr 2010 11:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39754 The High Court held that the expenditure of Rs. 12,000 under the "repairs account," which included fencing costs, was allowable as revenue expenditure for the assessment year 1964-65. The Court agreed with the Tribunal's decision that the expenditure was directly related to the day-to-day business of tea growing and essential for business continuity, despite providing an enduring advantage to the property. The Court ruled in favor of the assessee, directing each party to bear its own costs. Case-Laws Income Tax Wed, 11 Sep 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39754