1986 (9) TMI 75 - HC - Income Tax

Summary

The High Court of Patna ruled in favor of the assessee in a tax deduction case related to repair expenses. The court held that the entire amount of Rs. 5,02,654 was deductible for computing surtax liability as it was revenue expenditure. The decision was based on a previous case involving the same assessee for the same assessment year. The Tribunal's decision was deemed correct in law.