https://www.taxtmi.com/caselaws?id=427874 The Tribunal upheld the order of the CIT(A) and dismissed the revenue's appeal, determining that the expenditure incurred by the assessee was revenue in nature. The Tribunal emphasized that the repairs did not lead to capacity enhancement and referenced relevant case law to support its decision. The judgment underscored the significance of assessing each case's unique circumstances to classify expenditures as either capital or revenue. en-us Tue, 23 Aug 2022 00:00:00 +0530 Mon, 19 Sep 2022 09:34:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427874 The Tribunal upheld the order of the CIT(A) and dismissed the revenue's appeal, determining that the expenditure incurred by the assessee was revenue in nature. The Tribunal emphasized that the repairs did not lead to capacity enhancement and referenced relevant case law to support its decision. The judgment underscored the significance of assessing each case's unique circumstances to classify expenditures as either capital or revenue. Case-Laws Income Tax Tue, 23 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427874