Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2009 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (4) TMI 110 - HC - Income TaxCapital Expenditure – Revenue Expenditure – Supreme Court in the matter of CIT v. Ramaraju Surgical Cotton Mills [2007 -TMI - 2064 - SUPREME COURT OF INDIA] has considered the issue that whether the replacement of assets without increasing the production capacity would amount to revenue expenditure – therefore matter remitted to AO to ascertain whether in view of the addition made by the assessee any earning capacity has increased or decreased and also as per the other directions given in the above said judgment of the Supreme Court
|