https://www.taxtmi.com/caselaws?id=293200 The Revenue's appeal challenging the deduction of modernization expenses on Compact Drafting System as revenue expenditure u/s 37 was dismissed by the Tribunal. The assessee's appeal regarding the classification of Clean Development Mechanism (CDM) receipts as revenue or capital receipts was successful, with the Tribunal ruling in favor of the assessee. Additionally, the Tribunal upheld the capital expenditure classification for the replacement of autoconer machines, rejecting the assessee's appeal. The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed. en-us Fri, 30 Aug 2013 00:00:00 +0530 Fri, 29 Jan 2021 11:57:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293200 The Revenue's appeal challenging the deduction of modernization expenses on Compact Drafting System as revenue expenditure u/s 37 was dismissed by the Tribunal. The assessee's appeal regarding the classification of Clean Development Mechanism (CDM) receipts as revenue or capital receipts was successful, with the Tribunal ruling in favor of the assessee. Additionally, the Tribunal upheld the capital expenditure classification for the replacement of autoconer machines, rejecting the assessee's appeal. The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293200