https://www.taxtmi.com/caselaws?id=201601 Replacement of air conditioners under an exchange or buy-back scheme, where no new asset is created in the block of assets, is identified as the central question on capital expenditure treatment. The matter was admitted by the HC and the stated question was directed to be considered at the hearing stage, but no final adjudication was made on whether the expenditure is capital or otherwise. en-us Mon, 20 Sep 2010 00:00:00 +0530 Wed, 19 Jan 2011 23:23:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201601 Replacement of air conditioners under an exchange or buy-back scheme, where no new asset is created in the block of assets, is identified as the central question on capital expenditure treatment. The matter was admitted by the HC and the stated question was directed to be considered at the hearing stage, but no final adjudication was made on whether the expenditure is capital or otherwise. Case-Laws Income Tax Mon, 20 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201601