https://www.taxtmi.com/caselaws?id=290515 The court allowed the appeals filed by the Revenue, setting aside the previous ITAT orders. The matter was remanded to the Assessing Officer for fresh consideration, allowing the assessee or liquidator to present their case on treating the machinery replacement expenditure as revenue expenditure. The substantial question of law remained open, with no costs awarded. en-us Tue, 30 Oct 2018 00:00:00 +0530 Thu, 14 Nov 2024 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290515 The court allowed the appeals filed by the Revenue, setting aside the previous ITAT orders. The matter was remanded to the Assessing Officer for fresh consideration, allowing the assessee or liquidator to present their case on treating the machinery replacement expenditure as revenue expenditure. The substantial question of law remained open, with no costs awarded. Case-Laws Income Tax Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290515