https://www.taxtmi.com/caselaws?id=20346 The court held that the expenditure incurred by the assessee for modernization of the factory was allowable as revenue expenditure for the assessment years 1979-80 and 1980-81. The court directed a fresh consideration of the bonus deduction claim for the assessment year 1980-81 to ensure compliance with specified conditions under the Income-tax Act. en-us Fri, 29 Oct 1993 00:00:00 +0530 Fri, 13 Nov 2009 13:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20346 The court held that the expenditure incurred by the assessee for modernization of the factory was allowable as revenue expenditure for the assessment years 1979-80 and 1980-81. The court directed a fresh consideration of the bonus deduction claim for the assessment year 1980-81 to ensure compliance with specified conditions under the Income-tax Act. Case-Laws Income Tax Fri, 29 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20346