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2012 (11) TMI 1174 - HC - Income TaxWhether expenditure is revenue or capital in nature - current repairs - replacement of broken A.C. Sheets and replacement of factory wall plaster etc. - Held that:- All the expenses were made after a period of 3-4 years but were in the nature of current repairs and were chargeable as revenue expenditure. Also the expenditure so incurred was essentially for repair of building/machinery and by incurring these expenditure neither capacity nor building was extended nor the machinery did undergo any change. Thus the findings recorded do not suffer from any legal infirmity - Decided in favor of the assessee.
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