https://www.taxtmi.com/caselaws?id=219881 Expenditure on replacement of machinery is deductible as current repairs only if it satisfies the legal test under Section 31 of the Income-tax Act, 1961. The Supreme Court treated the issue as covered by its earlier rulings in Saravana Spg. Mills and Ramaraju Surgical Cotton Mills and disposed of the appeals consistently with those decisions. On that basis, the claim for deduction as current repairs was not accepted, and the Department's appeals were concluded in line with the Court's established interpretation of the scope of current repairs. en-us Tue, 04 Sep 2012 00:00:00 +0530 Mon, 31 Dec 2012 13:54:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219881 Expenditure on replacement of machinery is deductible as current repairs only if it satisfies the legal test under Section 31 of the Income-tax Act, 1961. The Supreme Court treated the issue as covered by its earlier rulings in Saravana Spg. Mills and Ramaraju Surgical Cotton Mills and disposed of the appeals consistently with those decisions. On that basis, the claim for deduction as current repairs was not accepted, and the Department's appeals were concluded in line with the Court's established interpretation of the scope of current repairs. Case-Laws Income Tax Tue, 04 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219881