Expenditure for Transformer Repair Allowed u/s 31: Restoration, Not New Acquisition or Long-Term Gain.

Current repairs u/s 31- repair / replacement of damaged transformer - Held that:- it was case of restoration of its existing capabilities and not a case of acquisition of new asset or obtaining any advantage of enduring nature - claim of expenditure allowed.... - HC .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X