https://www.taxtmi.com/caselaws?id=383008 The court allowed the appeals filed by the Revenue, ruling in their favor and against the assessee. The court held that the replacement of independent complete machinery cannot be treated as revenue expenditure, following precedents set in previous cases. The respondent was not entitled to the deduction claimed under "current repairs." The court's decision was based on established legal principles and interpretations of the Income Tax Act, leading to a judgment in favor of the Revenue. en-us Thu, 27 Jun 2019 00:00:00 +0530 Mon, 15 Jul 2019 07:20:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383008 The court allowed the appeals filed by the Revenue, ruling in their favor and against the assessee. The court held that the replacement of independent complete machinery cannot be treated as revenue expenditure, following precedents set in previous cases. The respondent was not entitled to the deduction claimed under "current repairs." The court's decision was based on established legal principles and interpretations of the Income Tax Act, leading to a judgment in favor of the Revenue. Case-Laws Income Tax Thu, 27 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383008