https://www.taxtmi.com/caselaws?id=372501 The High Court of Madras allowed the appeal filed by the Revenue, setting aside the orders of the Tribunal and the CIT (A). The court remanded the matter to the Assessing Officer for fresh consideration, directing a review of whether the expenditure on modernization expenses could be classified as revenue expenditure based on legal principles discussed in the judgment. en-us Tue, 20 Nov 2018 00:00:00 +0530 Mon, 24 Dec 2018 08:33:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372501 The High Court of Madras allowed the appeal filed by the Revenue, setting aside the orders of the Tribunal and the CIT (A). The court remanded the matter to the Assessing Officer for fresh consideration, directing a review of whether the expenditure on modernization expenses could be classified as revenue expenditure based on legal principles discussed in the judgment. Case-Laws Income Tax Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372501