https://www.taxtmi.com/caselaws?id=368167 The High Court of Madras allowed the Revenue's appeal regarding the treatment of expenditure on the replacement of old machinery as revenue expenditure for the assessment year 1995-1996. The court referred to established principles on enduring benefits from a previous case and remanded the matter for fresh consideration to determine if the replacement of machinery resulted in enduring benefits. The impugned order was set aside, and the substantial question of law raised in the appeal was left open for further consideration, with no costs awarded. en-us Tue, 04 Sep 2018 00:00:00 +0530 Wed, 03 Oct 2018 08:22:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368167 The High Court of Madras allowed the Revenue's appeal regarding the treatment of expenditure on the replacement of old machinery as revenue expenditure for the assessment year 1995-1996. The court referred to established principles on enduring benefits from a previous case and remanded the matter for fresh consideration to determine if the replacement of machinery resulted in enduring benefits. The impugned order was set aside, and the substantial question of law raised in the appeal was left open for further consideration, with no costs awarded. Case-Laws Income Tax Tue, 04 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368167