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2012 (10) TMI 892 - AT - Income TaxRevenue or capital - expenditure incurred on installation of laser upgradation kit – AO observed that in respect of the claim of assessee that it is only current repairs, it is held that as there was no replacement to any existing spare parts, therefore, it cannot be claimed as current repairs and disallowed the claim of the expenditure of assessee. - Held that:- Expenditure incurred by the assessee by purchasing of upgradation kit was to carry out precision eye surgery by using advanced technology, which was the need of the time in the line of the business of the assessee - revenue in nature - decided in favor of assessee.
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