Tuesday, 3 December 2013

Sum incurred on floor repairing and replacement of tiles of building deemed as current repairs

IT: Where assessee incurred certain expenses on repairs of building and machinery such as repair of workshop floor, replacement of tools and dies of plant and machinery etc. in view of fact that by incurring said expenditure neither building was extended nor machinery did undergo any substantial change, expenses so incurred were to be allowed as deduction being in nature of 'current repairs'


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