https://www.taxtmi.com/caselaws?id=180204 The appeal filed by the assessee challenging the disallowance of expenditure incurred towards replacement of machinery was dismissed. The jurisdictional High Court upheld the decision of the CIT(Appeals) to disallow the claim based on legal interpretations and precedents. The Court concluded that the replacement of machinery components could not be considered as revenue outgo under the concept of block of assets. Therefore, the expenditure claimed by the assessee was not allowed, and the order was pronounced in Chennai on November 5, 2012. en-us Mon, 05 Nov 2012 00:00:00 +0530 Fri, 18 Mar 2016 15:17:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180204 The appeal filed by the assessee challenging the disallowance of expenditure incurred towards replacement of machinery was dismissed. The jurisdictional High Court upheld the decision of the CIT(Appeals) to disallow the claim based on legal interpretations and precedents. The Court concluded that the replacement of machinery components could not be considered as revenue outgo under the concept of block of assets. Therefore, the expenditure claimed by the assessee was not allowed, and the order was pronounced in Chennai on November 5, 2012. Case-Laws Income Tax Mon, 05 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180204