https://www.taxtmi.com/caselaws?id=169557 The Tribunal upheld the Commissioner's decision and dismissed the Revenue's appeal regarding the treatment of expenditure on new technology as revenue or capital. The Tribunal determined that the expenditure on the compact spinning system was revenue in nature based on the impact on the manufacturing process and previous rulings. The decision aligned with precedent and case law, leading to the rejection of the Revenue's argument for capitalization. en-us Tue, 09 Jul 2013 00:00:00 +0530 Thu, 16 Apr 2015 11:16:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169557 The Tribunal upheld the Commissioner's decision and dismissed the Revenue's appeal regarding the treatment of expenditure on new technology as revenue or capital. The Tribunal determined that the expenditure on the compact spinning system was revenue in nature based on the impact on the manufacturing process and previous rulings. The decision aligned with precedent and case law, leading to the rejection of the Revenue's argument for capitalization. Case-Laws Income Tax Tue, 09 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169557