https://www.taxtmi.com/caselaws?id=241747 Expenditure incurred solely for shifting existing plant, machinery, equipment, files and records from one premises to another, without installation of new assets, increase in capacity, or creation of an enduring capital advantage, is revenue expenditure and remains allowable. The MAT exclusion for a sick industrial company under clause (vii) of Explanation 1 to section 115JB(2) applies from the year the company becomes sick until the year in which net worth first becomes equal to or exceeds accumulated losses, inclusive of that year. On both points, the assessee succeeded and the Department's appeal failed. en-us Wed, 10 Apr 2013 00:00:00 +0530 Tue, 31 Dec 2013 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241747 Expenditure incurred solely for shifting existing plant, machinery, equipment, files and records from one premises to another, without installation of new assets, increase in capacity, or creation of an enduring capital advantage, is revenue expenditure and remains allowable. The MAT exclusion for a sick industrial company under clause (vii) of Explanation 1 to section 115JB(2) applies from the year the company becomes sick until the year in which net worth first becomes equal to or exceeds accumulated losses, inclusive of that year. On both points, the assessee succeeded and the Department's appeal failed. Case-Laws Income Tax Wed, 10 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241747