1926 (8) TMI 6

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..... we can apply to this matter. It is quite true that in the course of the argument both sides discussed whether the particular repairs in the case can reasonably be regarded as being capital expenditure or not and on that we doubtless expressed our opinion. It may be right, it may be wrong, but that is our answer reaffirmed to put the thing technically in order. Curgenven J. The questions ref .....

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..... t needs to be qualified in some manner, because it is clear that by successive substitutions, an old motor car might be converted into a new one and that process would really be equivalent to selling the old car and buying the new one, a matter of capital expenditure. The question is really one of degree and it may perhaps be said that the cost of any substitution of new parts which substantially .....

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