Supreme Court · 1997 INSC 15 · Decided 10 January 1997
MIS. Ballimal Na Val Kish Ore and ANR. v. Commissioner of Income Tax, Bombay
- Court
- Supreme Court of India
- Citation
- 1997 INSC 15 · [1997] 1 S.C.R. 179
- Case number
- CIVIL APPEAL No. 646/1981
- Decided
- 10 January 1997
- Bench
- B.P. JEEVAN REDDY, K.T. THOMAS (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(v), 31(i)
Headnote
B Income TaxAct, 1922: Section 10(2)(v). Income Tax-"Cwrent repaid' or "capital expenditure''-f?eduction of-Extensive repairs of cinema theatre by installing new machinery, new fwniture, new sanitmy fittings and new electlical wi1ing besides repair of stmcture bf building-Expenditure 1ightly held expe11diture not deductible-Test to detennine as laid down in New Shor­ rock Spi1111ing & Manuf actuling Co. Ltd. Case approve~Jncome Tax Act, 1961, Ss. JO(a)(ii) and 31 (i) Words and Phrases: "Cwrent repairs''-Meaning of-In the context of S.10(2)(v) of the Income Tax
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