https://www.taxtmi.com/caselaws?id=238953 The Tribunal allowed the appeal in I.T.A. No. 467/Coch/2009 and dismissed the appeal in I.T.A. No. 280/Coch/2010. It upheld the decision in favor of the taxpayer, directing the Assessing Officer to treat the cost of replacing the chamber assembly as revenue expenditure for the assessment year 2006-07. The Tribunal considered the chamber assembly's integral role in the intermix machine's functioning, akin to current repairs like replacing a compressor in an air-conditioning machine or a picture tube in a television set, distinguishing it from capital expenditure. en-us Fri, 14 Sep 2012 00:00:00 +0530 Fri, 01 Nov 2013 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238953 The Tribunal allowed the appeal in I.T.A. No. 467/Coch/2009 and dismissed the appeal in I.T.A. No. 280/Coch/2010. It upheld the decision in favor of the taxpayer, directing the Assessing Officer to treat the cost of replacing the chamber assembly as revenue expenditure for the assessment year 2006-07. The Tribunal considered the chamber assembly's integral role in the intermix machine's functioning, akin to current repairs like replacing a compressor in an air-conditioning machine or a picture tube in a television set, distinguishing it from capital expenditure. Case-Laws Income Tax Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238953