https://www.taxtmi.com/caselaws?id=183356 The Income Tax Appellate Tribunal's order regarding deduction of expenditure on new machinery, replacement of machinery, treatment of independent complete machinery expenditure, and computation of deduction under Section 80I was appealed. The CIT (Appeals) allowed the claims, which were upheld by the Tribunal as revenue expenditure. The Supreme Court's decisions were considered, and the matter was remitted back for re-consideration. The Tribunal directed allocation of expenditure based on spindles, not turnover, under Section 80I. The appeal was disposed of accordingly. en-us Tue, 15 Dec 2009 00:00:00 +0530 Mon, 06 Jun 2016 18:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183356 The Income Tax Appellate Tribunal's order regarding deduction of expenditure on new machinery, replacement of machinery, treatment of independent complete machinery expenditure, and computation of deduction under Section 80I was appealed. The CIT (Appeals) allowed the claims, which were upheld by the Tribunal as revenue expenditure. The Supreme Court's decisions were considered, and the matter was remitted back for re-consideration. The Tribunal directed allocation of expenditure based on spindles, not turnover, under Section 80I. The appeal was disposed of accordingly. Case-Laws Income Tax Tue, 15 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183356