Report No. 12
31. Repairs and insurance of machinery, plant and fumiture.-
In respect of machinery, plant or furniture used for the purposes of the business, profession or vocation the following deductions shall be allowed-
(i) the amount paid on account of current repairs thereto;
[Section 10(2)(v), part, for machinery etc.]
(ii) the amount of any premium paid in respect of insurance against risk of damage or destruction thereof.
[Section 10(2)(iv), part, for machinery etc.]