https://www.taxtmi.com/caselaws?id=343577 The High Court dismissed both appeals challenging the Income Tax Appellate Tribunal's decision to allow expenses for dismantling, transportation, and re-erection of manufacturing units as revenue expenditure for Assessment Years 2007-08 and 2008-09. The Court upheld the Tribunal's ruling, emphasizing that the expenses were revenue in nature due to the necessity of shifting the plant to address local opposition and ensure business continuity. The Court found no substantial question of law warranting further consideration and denied the appeals without costs. en-us Mon, 13 Feb 2017 00:00:00 +0530 Mon, 29 May 2017 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343577 The High Court dismissed both appeals challenging the Income Tax Appellate Tribunal's decision to allow expenses for dismantling, transportation, and re-erection of manufacturing units as revenue expenditure for Assessment Years 2007-08 and 2008-09. The Court upheld the Tribunal's ruling, emphasizing that the expenses were revenue in nature due to the necessity of shifting the plant to address local opposition and ensure business continuity. The Court found no substantial question of law warranting further consideration and denied the appeals without costs. Case-Laws Income Tax Mon, 13 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343577