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2018 (10) TMI 133 - HC - Income TaxExpenditure on replacement of old machinery - replacement of ring frames in spinning mill - allowable revenue expenditure or capital expenditure - Held that:- The issue as to how such expenditure has to be treated is no longer res integra and has been decided by the Hon'ble Supreme Court in Commissioner of Income-tax vs. Sri Mangayarkarasi Mills (P.) Ltd.[2009 (7) TMI 17 - SUPREME COURT]. In the light of the said decision, the matter requires to be remanded to CIT (A) to consider as to whether the expenditure incurred by the assessee for replacement of ring frames results in enduring benefit
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