https://www.taxtmi.com/caselaws?id=174675 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, allowing the assessee's claim for deduction under Section 80IA as the revised return was filed within the permissible time limit. Additionally, the Tribunal agreed with the CIT(A) that the expenditure on the replacement of multi drum filters should be treated as revenue expenditure, as it was necessary for the ongoing operations of the business and did not result in an enduring benefit. The Department's appeal was dismissed, affirming the decisions on both issues in favor of the assessee. en-us Mon, 29 Apr 2013 00:00:00 +0530 Tue, 07 Mar 2023 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174675 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, allowing the assessee's claim for deduction under Section 80IA as the revised return was filed within the permissible time limit. Additionally, the Tribunal agreed with the CIT(A) that the expenditure on the replacement of multi drum filters should be treated as revenue expenditure, as it was necessary for the ongoing operations of the business and did not result in an enduring benefit. The Department's appeal was dismissed, affirming the decisions on both issues in favor of the assessee. Case-Laws Income Tax Mon, 29 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174675