Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (8) TMI 679 - MADRAS HIGH COURTDisallowance - Expenditure on replacement of machinery is revenue or capital expenditure - enduring nature of the assets or the increase in the production capacity by virtue of the replacement of machinery - matter remitted back to the Commissioner of Income Tax (Appeals) to re-consider the issue as to whether the expenditure made by assessee will amount to capital expenditure or revenue expenditure based upon the materials available on record
|