https://www.taxtmi.com/highlights?id=60734 Nature of expenditure - reconditioning/repair of plant and machinery - so long as only part of the machinery has been replaced as in the instant case to preserve and operate the existing machinery/assets without any enduring advantage, it would be treated as revenue expenditure - expenditure incurred by the assessee for reconditioning of plant and machinery are to be treated as revenue expenditure - AT en-us Thu, 02 Dec 2021 12:52:53 +0530 Thu, 02 Dec 2021 12:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60734 Nature of expenditure - reconditioning/repair of plant and machinery - so long as only part of the machinery has been replaced as in the instant case to preserve and operate the existing machinery/assets without any enduring advantage, it would be treated as revenue expenditure - expenditure incurred by the assessee for reconditioning of plant and machinery are to be treated as revenue expenditure - AT Highlights Income Tax Thu, 02 Dec 2021 12:52:53 +0530 https://www.taxtmi.com/highlights?id=60734