https://www.taxtmi.com/caselaws?id=70360 The Tribunal affirmed the Commissioner (Appeals)'s decisions on all points, dismissing the appeals. It upheld the classification of machinery replacement expenditure as revenue expenditure, allowed settlement payments as deductible business expenses, and mandated adherence to the CBDT's circular for computing depreciation, rejecting the revenue's contentions. en-us Wed, 28 Dec 1983 00:00:00 +0530 Wed, 22 Mar 2017 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70360 The Tribunal affirmed the Commissioner (Appeals)'s decisions on all points, dismissing the appeals. It upheld the classification of machinery replacement expenditure as revenue expenditure, allowed settlement payments as deductible business expenses, and mandated adherence to the CBDT's circular for computing depreciation, rejecting the revenue's contentions. Case-Laws Income Tax Wed, 28 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70360