https://www.taxtmi.com/caselaws?id=219557 The Tribunal upheld the Commissioner of Income-tax (Appeals) [CIT(A)]'s decision to delete the addition on account of capital expenditure on repairs and maintenance of machinery, as the expenses were deemed revenue in nature for replacing worn-out parts. Additionally, the Tribunal supported the CIT(A)'s ruling to delete the addition made for disallowance of remuneration paid to the Executive Director, finding the increase in remuneration justified based on improved sales performance and lacking evidence of excessiveness. The Tribunal dismissed both the Revenue's appeal and the assessee's Cross Objection for lack of prosecution. en-us Thu, 25 Oct 2012 00:00:00 +0530 Tue, 18 Dec 2012 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219557 The Tribunal upheld the Commissioner of Income-tax (Appeals) [CIT(A)]'s decision to delete the addition on account of capital expenditure on repairs and maintenance of machinery, as the expenses were deemed revenue in nature for replacing worn-out parts. Additionally, the Tribunal supported the CIT(A)'s ruling to delete the addition made for disallowance of remuneration paid to the Executive Director, finding the increase in remuneration justified based on improved sales performance and lacking evidence of excessiveness. The Tribunal dismissed both the Revenue's appeal and the assessee's Cross Objection for lack of prosecution. Case-Laws Income Tax Thu, 25 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219557