https://www.taxtmi.com/caselaws?id=426432 The appeal was partly allowed. Ground 1 regarding the depreciation claim on electric installation was dismissed as withdrawn. Ground 2, concerning the disallowance of expenditure on Rolling Mill Rolls under the head repairs and maintenance, was allowed. The Tribunal concluded that the expenditure should be treated as revenue expenditure, supporting the assessee's claim. The order was pronounced on 27-07-2022. en-us Wed, 27 Jul 2022 00:00:00 +0530 Wed, 17 Aug 2022 08:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426432 The appeal was partly allowed. Ground 1 regarding the depreciation claim on electric installation was dismissed as withdrawn. Ground 2, concerning the disallowance of expenditure on Rolling Mill Rolls under the head repairs and maintenance, was allowed. The Tribunal concluded that the expenditure should be treated as revenue expenditure, supporting the assessee's claim. The order was pronounced on 27-07-2022. Case-Laws Income Tax Wed, 27 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426432