https://www.taxtmi.com/caselaws?id=257914 The High Court remanded the issue of treatment of expenditure on replacement of plant and machinery back to the CIT (Appeals) for detailed consideration, following legal precedents and emphasizing the need for specific material. The Court upheld the Tribunal's decision on the allowance of 100% depreciation on specified items, ruling in favor of the Revenue and against the appellant. en-us Tue, 17 Mar 2015 00:00:00 +0530 Wed, 12 Aug 2015 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257914 The High Court remanded the issue of treatment of expenditure on replacement of plant and machinery back to the CIT (Appeals) for detailed consideration, following legal precedents and emphasizing the need for specific material. The Court upheld the Tribunal's decision on the allowance of 100% depreciation on specified items, ruling in favor of the Revenue and against the appellant. Case-Laws Income Tax Tue, 17 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257914