https://www.taxtmi.com/caselaws?id=416321 The High Court of Madras determined that the replacement of dies and moulds attached to machinery for manufacturing specific products qualifies as current repairs under Section 31 of the Act. The Court upheld the assessee's claim, dismissing the Revenue's appeal and modifying the Tribunal's order accordingly. The substantial question of law was decided against the Revenue, resulting in the dismissal of the Tax Case Appeal without costs. en-us Tue, 30 Nov 2021 00:00:00 +0530 Sat, 25 Dec 2021 08:44:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416321 The High Court of Madras determined that the replacement of dies and moulds attached to machinery for manufacturing specific products qualifies as current repairs under Section 31 of the Act. The Court upheld the assessee's claim, dismissing the Revenue's appeal and modifying the Tribunal's order accordingly. The substantial question of law was decided against the Revenue, resulting in the dismissal of the Tax Case Appeal without costs. Case-Laws Income Tax Tue, 30 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416321