https://www.taxtmi.com/caselaws?id=17687 The High Court of Gujarat ruled in favor of the assessee, holding that the expenditure of Rs. 23,323 for replacing parts of wooden trolleys with stainless steel trolleys constituted revenue expenditure. The Court found that the Tribunal correctly applied legal principles in determining the nature of the expenditure as only parts, not the entire trolley, were replaced during the year. The Court emphasized that the characterization of such expenditure is a question of fact, ultimately deciding that the replacement of parts qualified as revenue expenditure. en-us Mon, 09 Dec 1996 00:00:00 +0530 Thu, 24 Sep 2009 11:45:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17687 The High Court of Gujarat ruled in favor of the assessee, holding that the expenditure of Rs. 23,323 for replacing parts of wooden trolleys with stainless steel trolleys constituted revenue expenditure. The Court found that the Tribunal correctly applied legal principles in determining the nature of the expenditure as only parts, not the entire trolley, were replaced during the year. The Court emphasized that the characterization of such expenditure is a question of fact, ultimately deciding that the replacement of parts qualified as revenue expenditure. Case-Laws Income Tax Mon, 09 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17687