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2019 (7) TMI 704 - HC - Income TaxCharacterization of expenses - Deduction of the amounts spent on replacement of machinery - revenue expenditure OR current repairs - Replacement of independent complete machinery - treated as revenue expenditure - HELD THAT:- Substantial questions of law framed in these appeals are squarely covered against the assessee in the decision rendered by us in the case of M/S. KONGARAR SPINNERS LIMITED [2019 (6) TMI 1299 - MADRAS HIGH COURT] following the decision in the case of CIT, Gujarat Vs. Sarangpur Cotton Mfg. Co. Ltd. [2017 (4) TMI 301 - SUPREME COURT] herein held there are several machines and perform different functions. Therefore, when each of the department/division perform different functions, repair/ substitution of an old machine will not come within the definition of the word “current repairs” and deduction cannot be claimed thereunder. - Decided against assessee.
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