https://www.taxtmi.com/caselaws?id=256118 The Gujarat High Court upheld the Tribunal's decision to treat expenses for membrane replacement as revenue expenditure, based on the rule of consistency. The Court emphasized the importance of maintaining consistency in tax matters and dismissed the Revenue's appeals, ruling in favor of the Assessee. The Court found that the Revenue's arguments regarding the amount involved and the expected life of the membrane did not warrant deviating from the consistent treatment of such expenditures. en-us Mon, 19 Jan 2015 00:00:00 +0530 Thu, 22 Jun 2023 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256118 The Gujarat High Court upheld the Tribunal's decision to treat expenses for membrane replacement as revenue expenditure, based on the rule of consistency. The Court emphasized the importance of maintaining consistency in tax matters and dismissed the Revenue's appeals, ruling in favor of the Assessee. The Court found that the Revenue's arguments regarding the amount involved and the expected life of the membrane did not warrant deviating from the consistent treatment of such expenditures. Case-Laws Income Tax Mon, 19 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256118