nature of 'current repairs' but were incurred
for extensively repairing and restoring the structure of the building. Even the
appellant in its written ... said building was completely damaged and, therefore, it required extensive
repairs and rehabilitation" and that the expenditure incurred
right in deleting the
addition on account of extensive repairs and renovation of
the leased premises without appreciating the fact that
these expenses were capital ... hold basis for a period of five years on which major/extensive repairs
and renovations were done to set up a new bakery and hence
expenditure. Thus, even if accumulated
repairs or repairs arising from other reasons, not being in the nature of current repairs,
can be allowed as deduction ... During the period 1960 to March, 1961 the assessee extensively repaired the theatre.
The amounts spent by him were on machinery
films therein.
During the period 1960 to March 1961, the assessee extensively repaired the
theater by expending substantial amounts. The amount spent ... that the repairs in question could not be
called "current repairs" but that the assessee had undertaken major structural
repairs which
been a tenant of the premises had no obligation to make extensive repairs to the rented building. According to the Income-tax Officer, the extensive ... imbedded in 'current repairs'. Again, 'current repairs' mean not luxury repairs or repairs which wait upon the whims or choice
current
repairs" in Section 10(2)(v) was restricted to petty
repairs only which are carried out periodically. The
Learned Judge agreed with ... furniture, new sanitary
fittings and new electrical wiring were installed
besides extensively repairing the structure of the
building. By no stretch of imagination
case, the Tribunal was right in allowing the expenditure incurred on repairs of the rented building as a deductible expense under Section ... Income Tax -vs- Universal Cold Storage Limited), held that the extensive repairs/renovations carried out by the assessee cannot be said to be incurred
damages which included:
Accordingly, the contractor had to carry out extensive repairs, The total of which
came to Rs.134.99 lacs. Repairs were also
such. It is also evident that
such extensive repairs or restoration works could not be resulted;
6 ITA 762 & 878/JP/2011
JVK Jaipur ... parts of an
assets or an accumulated repairs thereof, cannot be considered as
"current repairs", which only is allowable
current repairs' was to be
understood as including replacement, s. 31(i) will become completely redundant
and absurdity will creep in because repair implies ... field over the years. In the facts of that case, extensive repairs to the
structure of a building, a theatre, was held as not deductible
