Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1998 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1998 (2) TMI 59 - HC - Income TaxExtract: ....... the reference relating to the assessment year 1983-84, we accepted the view taken by the Appellate Tribunal that the expenditure incurred on replacement of machinery was in the nature of revenue. Following the said judgment, we answer the question in this reference in the affirmative, that is, in the favour of the assessee and against the Revenue.
|