https://www.taxtmi.com/caselaws?id=183372 The Tribunal held that the sinking fund contributions were capital receipts and not taxable as revenue receipts. The expenditure on air conditioning plant replacement should be adjusted from the sinking fund and not treated as revenue expenditure. The appeal was partly allowed in favor of the assessee. en-us Fri, 04 May 2012 00:00:00 +0530 Tue, 07 Jun 2016 11:52:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183372 The Tribunal held that the sinking fund contributions were capital receipts and not taxable as revenue receipts. The expenditure on air conditioning plant replacement should be adjusted from the sinking fund and not treated as revenue expenditure. The appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Fri, 04 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183372