https://www.taxtmi.com/highlights?id=45792 Expenditure for repairs and maintenance to plant & machinery - If the expenditure incurred by the assessee would not result in replacement of old machinery with new, then it may come within the ambit of current repair, but expenditure on such a magnitude which ultimately replaces full machinery within one or two years, then it would not come under concept of “current repair” en-us Wed, 10 Apr 2019 06:11:42 +0530 Wed, 10 Apr 2019 06:11:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=45792 Expenditure for repairs and maintenance to plant & machinery - If the expenditure incurred by the assessee would not result in replacement of old machinery with new, then it may come within the ambit of current repair, but expenditure on such a magnitude which ultimately replaces full machinery within one or two years, then it would not come under concept of “current repair” Highlights Income Tax Wed, 10 Apr 2019 06:11:42 +0530 https://www.taxtmi.com/highlights?id=45792