https://www.taxtmi.com/caselaws?id=281511 Expenditure incurred to convert oil-firing equipment into coal-firing equipment was treated as revenue expenditure because it only improved the working of the existing machine. No new plant or machinery came into existence, and the change did not create an enduring capital asset. The cost was therefore allowable under section 37(1) of the Income-tax Act, 1961, in favour of the assessee. en-us Thu, 10 May 1990 00:00:00 +0530 Fri, 21 Jun 2019 12:23:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281511 Expenditure incurred to convert oil-firing equipment into coal-firing equipment was treated as revenue expenditure because it only improved the working of the existing machine. No new plant or machinery came into existence, and the change did not create an enduring capital asset. The cost was therefore allowable under section 37(1) of the Income-tax Act, 1961, in favour of the assessee. Case-Laws Income Tax Thu, 10 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281511