https://www.taxtmi.com/caselaws?id=343972 The Tribunal upheld the Commissioner of Income-tax (Appeals) decision that the expenditure on the replacement of machinery was capital in nature, allowing for depreciation only. The Tribunal emphasized the finality of its earlier decision, rejecting any attempt to re-argue the settled matter. The appeal of the assessee challenging the treatment of the expenditure was dismissed, affirming the decision of the Commissioner of Income-tax (Appeals) and upholding the capital nature of the expenditure. en-us Fri, 02 Jun 2017 00:00:00 +0530 Mon, 05 Jun 2017 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343972 The Tribunal upheld the Commissioner of Income-tax (Appeals) decision that the expenditure on the replacement of machinery was capital in nature, allowing for depreciation only. The Tribunal emphasized the finality of its earlier decision, rejecting any attempt to re-argue the settled matter. The appeal of the assessee challenging the treatment of the expenditure was dismissed, affirming the decision of the Commissioner of Income-tax (Appeals) and upholding the capital nature of the expenditure. Case-Laws Income Tax Fri, 02 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343972