Ballimal Nawal Kishore and Anr. v. CIT only expenses on current repairs alone can be allowed as revenue expenditure and not expenses on replacement ... remains the same expenditure incurred is only in the nature of current repairs and is allowable as a revenue expenditure.
Our company is a textile
provisions of the Income Tax Act under which only the current repairs are allowable as revenue expenditure. Relying on the judgment of Honble Calcutta High ... current repairs are those repairs, which are needed periodically and from that angle accumulation of repairs does not ordinarily satisfy the test of current repairs
The Acit, Cochin vs M/S.Mfar Hotels & Resorts Ltd, Cochin on 26 October
provisions of the IT Act under which only the current repairs are allowable as revenue expenditure. Relying on the judgment of Hon'ble Calcutta ... current repairs are those repairs, which are needed periodically and from that angle accumulation of repairs does not ordinarily satisfy the test of current repairs
towards current repairs is capital or revenue. As long as the repairs which are carried out fall under the category of current repairs, then, irrespective ... construed as current repairs and where it is allowed to be accumulated, such repairs would not be current repairs but at the same time allowable
preliminary finding that the
expenditure was not in the nature of current repairs but was capital
expenditure. The assessee submitted before the AO that ... cost of repair and replacement
of electrical bulbs, repair to laundry equipments, repair to
plumbing and heating, repair of poor and general repair
respectively. Thus
expenditure of Rs. 2,07,16,498/- as on "current repairs" and allow the deduction under Section ... replacements made by the assessee in the year of account are current repairs and the expenditure thereon is allowable under Section
auto leveler is to be repaired then that repair
would come within the connotation of the word "current repairs"
because ... restricting it to
the concept of "current repairs". All repairs are not current repairs.
Section 37(1) allows claims for expenditure which
asset and the expenditure did not fall within the meaning of current
repairs and maintenance as defined ... Vijayaraghavan,
learned counsel for the assessee that the expression "current repairs" denotes
the repairs for the purpose of preserving or maintaining an already
repair is current repair and not otherwise. Indirectly, it was his contention that repairs to the machinery other than the current repairs cannot be allowed ... Proceeding further, it is argued by him that the word 'current repairs' has been considered by the Apex Court in the case
