https://www.taxtmi.com/caselaws?id=76068 The court ruled in favor of the appellant, a Cardiologist, in a case challenging the disallowance of expenditure on purchasing second-hand medical equipment. The court held that the purchase of machinery for spare parts should be considered a revenue expenditure for maintenance purposes, emphasizing the immediate need for functioning equipment in patient care. The court disagreed with the lower authorities' decision to treat the expenditure as capital in nature and directed the Assessing Officer to reconsider and compute the assessment accordingly. en-us Tue, 23 Feb 2010 00:00:00 +0530 Mon, 27 Sep 2010 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76068 The court ruled in favor of the appellant, a Cardiologist, in a case challenging the disallowance of expenditure on purchasing second-hand medical equipment. The court held that the purchase of machinery for spare parts should be considered a revenue expenditure for maintenance purposes, emphasizing the immediate need for functioning equipment in patient care. The court disagreed with the lower authorities' decision to treat the expenditure as capital in nature and directed the Assessing Officer to reconsider and compute the assessment accordingly. Case-Laws Income Tax Tue, 23 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76068