https://www.taxtmi.com/caselaws?id=403141 The Tribunal allowed the appeal, directing the Assessing Officer to permit the expenditure on the Gripper used in robotic arms as revenue deduction. The Tribunal differentiated the case from instances where replacement led to increased productivity and capacity, emphasizing that the Gripper did not enhance productivity independently. The expenditure was deemed allowable under Section 37 of the Income Tax Act, highlighting the importance of replacement on productivity and capacity in distinguishing between capital and revenue expenditure. en-us Mon, 04 Jan 2021 00:00:00 +0530 Wed, 20 Jan 2021 14:10:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403141 The Tribunal allowed the appeal, directing the Assessing Officer to permit the expenditure on the Gripper used in robotic arms as revenue deduction. The Tribunal differentiated the case from instances where replacement led to increased productivity and capacity, emphasizing that the Gripper did not enhance productivity independently. The expenditure was deemed allowable under Section 37 of the Income Tax Act, highlighting the importance of replacement on productivity and capacity in distinguishing between capital and revenue expenditure. Case-Laws Income Tax Mon, 04 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403141