https://www.taxtmi.com/caselaws?id=2064 SC set aside the High Court's judgment and remitted the dispute to the Commissioner (Appeals) for fresh adjudication. The Court declined to rule on whether replacement expenditure without increase in production capacity is revenue or capital in nature, noting that the assessee had not raised that ground before the Commissioner. The Commissioner is directed to decide the questions raised by both sides uninfluenced by the HC observations, with liberty to parties to adduce additional evidence, and to dispose of the matter in accordance with law. en-us Tue, 21 Aug 2007 00:00:00 +0530 Sat, 13 Sep 2025 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2064 SC set aside the High Court's judgment and remitted the dispute to the Commissioner (Appeals) for fresh adjudication. The Court declined to rule on whether replacement expenditure without increase in production capacity is revenue or capital in nature, noting that the assessee had not raised that ground before the Commissioner. The Commissioner is directed to decide the questions raised by both sides uninfluenced by the HC observations, with liberty to parties to adduce additional evidence, and to dispose of the matter in accordance with law. Case-Laws Income Tax Tue, 21 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2064