https://www.taxtmi.com/caselaws?id=382980 The High Court upheld the decisions of the CIT and ITAT, confirming that the expenditure on the replacement of parts should be treated as revenue expenditure, not capital expenditure. The appeal by the revenue was dismissed, affirming that the replaced parts were not independent machinery but parts of a larger system, and the expenditure was necessary to maintain the machinery's efficiency. en-us Mon, 08 Jul 2019 00:00:00 +0530 Fri, 12 Jul 2019 08:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382980 The High Court upheld the decisions of the CIT and ITAT, confirming that the expenditure on the replacement of parts should be treated as revenue expenditure, not capital expenditure. The appeal by the revenue was dismissed, affirming that the replaced parts were not independent machinery but parts of a larger system, and the expenditure was necessary to maintain the machinery's efficiency. Case-Laws Income Tax Mon, 08 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382980