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<h1>Machinery replacement expenses deemed deductible by Kerala High Court for assessment year 1984-85</h1> The HC of Kerala held that the expenditure on machinery replacement was revenue in nature and deductible for the assessment year 1984-85, following a ... Capital Or Revenue Expenditure, Expenditure On Maintenance, Machinery, Revenue Expenditure The High Court of Kerala ruled in favor of the assessee, holding that the expenditure incurred on replacement of machinery was revenue in nature and an allowable deduction for the assessment year 1984-85. This decision was based on a similar ruling for the assessment year 1983-84.