https://www.taxtmi.com/caselaws?id=195025 The Tribunal upheld the CIT(A)'s decisions on both issues, dismissing the Revenue's appeal. The first issue involved the deletion of an addition on account of capital expenditure, with the Tribunal agreeing that the expenditures were revenue in nature as they were for replacing parts of larger machines, not creating new assets. The second issue concerned allowing a deduction u/s 80IB(4) for power generated, with the Tribunal supporting the CIT(A)'s decision to allow the deduction based on the market rate of electricity. en-us Thu, 25 Oct 2012 00:00:00 +0530 Wed, 11 Oct 2017 18:47:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195025 The Tribunal upheld the CIT(A)'s decisions on both issues, dismissing the Revenue's appeal. The first issue involved the deletion of an addition on account of capital expenditure, with the Tribunal agreeing that the expenditures were revenue in nature as they were for replacing parts of larger machines, not creating new assets. The second issue concerned allowing a deduction u/s 80IB(4) for power generated, with the Tribunal supporting the CIT(A)'s decision to allow the deduction based on the market rate of electricity. Case-Laws Income Tax Thu, 25 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195025