Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2013 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (11) TMI 1372 - HC - Income TaxReplacement of integral part of machinery - Chamber assesmbly - Capital or revenue expenditure - Held that:- Following Commissioner of Income Tax v. Saravana Spinning Mills (P) Ltd [2007 (8) TMI 16 - SUPREME COURT OF INDIA] - No new asset has come into existence - Replacement of integral part is a current repair and not a capital expenditure - Decided against Revenue.
|