https://www.taxtmi.com/caselaws?id=205748 The High Court dismissed the appeals, affirming that the expenditure on repair and maintenance expenses on the furnace and the cost of moulds used in the manufacturing process were revenue expenditures, not capital expenditures. The judgment emphasized the need to analyze the specific facts of each case to determine the nature of expenditure, considering whether it results in the acquisition of a new asset or is incurred in the regular course of business. en-us Wed, 08 Dec 2010 00:00:00 +0530 Mon, 17 Dec 2012 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205748 The High Court dismissed the appeals, affirming that the expenditure on repair and maintenance expenses on the furnace and the cost of moulds used in the manufacturing process were revenue expenditures, not capital expenditures. The judgment emphasized the need to analyze the specific facts of each case to determine the nature of expenditure, considering whether it results in the acquisition of a new asset or is incurred in the regular course of business. Case-Laws Income Tax Wed, 08 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205748