https://www.taxtmi.com/highlights?id=52583 Disallowance of claim of deduction on cost of replanting under Rule 7A - The assessee does not have a case that the expenses incurred under the head replanting and maintenance are for infilling through replacement of dead trees or other trees that have become useless. On the contrary, it is an admitted position that the replanting expenses and maintenance expenses are incurred for planting new area of rubber and not an area already planted with yielding rubber. - Expenditures need to be capitalized. en-us Fri, 27 Mar 2020 10:52:37 +0530 Fri, 27 Mar 2020 10:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52583 Disallowance of claim of deduction on cost of replanting under Rule 7A - The assessee does not have a case that the expenses incurred under the head replanting and maintenance are for infilling through replacement of dead trees or other trees that have become useless. On the contrary, it is an admitted position that the replanting expenses and maintenance expenses are incurred for planting new area of rubber and not an area already planted with yielding rubber. - Expenditures need to be capitalized. Highlights Income Tax Fri, 27 Mar 2020 10:52:37 +0530 https://www.taxtmi.com/highlights?id=52583