https://www.taxtmi.com/caselaws?id=392841 HC held that expenditure on replacement of plant and machinery is revenue expenditure, reversing the Tribunal and deciding the substantial question in favour of the assessee and against the Revenue. The court also found that write-offs for dies and tools are recurring revenue expenses, not capital, since no enduring asset arises and dies require frequent replacement. Both contested disallowances were allowed and the Revenue's appeals were dismissed. en-us Tue, 11 Feb 2020 00:00:00 +0530 Wed, 05 Nov 2025 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392841 HC held that expenditure on replacement of plant and machinery is revenue expenditure, reversing the Tribunal and deciding the substantial question in favour of the assessee and against the Revenue. The court also found that write-offs for dies and tools are recurring revenue expenses, not capital, since no enduring asset arises and dies require frequent replacement. Both contested disallowances were allowed and the Revenue's appeals were dismissed. Case-Laws Income Tax Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392841