Kritesh recently purchased a Function Centre. The condition of the centre's hall was poor. Before using commercially, the hall, it needed to repair a portion of the electronic system, ceiling and seats. He decided to replace the whole of the ceiling and electrical system with different but better materials and repair all seats in better quality lather seats. The new ceiling and seats, in addition to enhancing the appearance of the hall, improved the acoustics. The total cost of the material and of erecting the new ceiling and seats was $$235,000.$ It was estimated that the cost of repairing the ceiling and seats would have been $$175,000.$ With reference to Income Tax Assessment Act $1997$ and relevant case law, discuss the amount, if any, allowable as a deduction for income tax purposes.

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