https://www.taxtmi.com/caselaws?id=16127 The High Court of Madras determined that the expenditure incurred for replacing electric motors in a textile mill constituted revenue expenditure for the assessment year 1980-81. The Court held in favor of the assessee, ruling that the replacement of motors represented revenue expenditure on repairs by way of renewal, essential for the continued operation of the mill's machinery and production of textiles. The assessee was awarded costs of Rs. 750. en-us Thu, 26 Feb 1998 00:00:00 +0530 Tue, 01 Sep 2009 12:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16127 The High Court of Madras determined that the expenditure incurred for replacing electric motors in a textile mill constituted revenue expenditure for the assessment year 1980-81. The Court held in favor of the assessee, ruling that the replacement of motors represented revenue expenditure on repairs by way of renewal, essential for the continued operation of the mill's machinery and production of textiles. The assessee was awarded costs of Rs. 750. Case-Laws Income Tax Thu, 26 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16127