https://www.taxtmi.com/caselaws?id=32058 The dispute concerned whether amounts claimed for plant and machinery items qualified as current repairs under Section 31(1) or as revenue expenditure under Section 37(1) of the Income-tax Act, 1961. The analysis turned on the factual findings of the lower authorities about the nature of the items purchased and relied on Commissioner of Income Tax, Madurai v. Saravana Spinning Mills (P.) Ltd., which was treated as supporting the assessee's claim. The question was answered against the Revenue and in favour of the assessee. en-us Wed, 24 Sep 2008 00:00:00 +0530 Sat, 10 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32058 The dispute concerned whether amounts claimed for plant and machinery items qualified as current repairs under Section 31(1) or as revenue expenditure under Section 37(1) of the Income-tax Act, 1961. The analysis turned on the factual findings of the lower authorities about the nature of the items purchased and relied on Commissioner of Income Tax, Madurai v. Saravana Spinning Mills (P.) Ltd., which was treated as supporting the assessee's claim. The question was answered against the Revenue and in favour of the assessee. Case-Laws Income Tax Wed, 24 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32058