https://www.taxtmi.com/caselaws?id=308407 The High Court upheld the Tribunal's decision to treat expenses for membrane cell replacement as revenue expenditure, dismissing the Revenue's appeal. The Court emphasized the importance of considering the nature of expenditure and the integral role of membrane cells in the plant's operation for tax liability determination. Reference to a previous judgment involving the same assessee further supported the dismissal of the appeal. en-us Wed, 14 Sep 2016 00:00:00 +0530 Fri, 23 Jun 2023 12:51:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308407 The High Court upheld the Tribunal's decision to treat expenses for membrane cell replacement as revenue expenditure, dismissing the Revenue's appeal. The Court emphasized the importance of considering the nature of expenditure and the integral role of membrane cells in the plant's operation for tax liability determination. Reference to a previous judgment involving the same assessee further supported the dismissal of the appeal. Case-Laws Income Tax Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308407