Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2006 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2006 (11) TMI 176 - HC - Income TaxExtract: .......e product was produced. In view of the ratio laid down by this court in the decision cited supra, we hold that the expenditure on replacement of machinery is a revenue expenditure and therefore, the Tribunal was right in allowing the claim of the assessee. Finding no substantial question of law arises for our consideration, the appeal is dismissed.
|