https://www.taxtmi.com/caselaws?id=36180 Expenditure on modernisation of mill machinery was treated as revenue expenditure deductible in computing income because the Tribunal's finding turned on the facts of the case and each disputed item had already been accepted as revenue in nature. The aggregate outlay could not be classified as capital expenditure merely because the modernisation programme involved substantial spending as a whole. Since the conclusion rested on factual findings, no referable question of law arose, and the request for reference was rejected. en-us Tue, 21 Oct 1980 00:00:00 +0530 Fri, 19 Mar 2010 18:13:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36180 Expenditure on modernisation of mill machinery was treated as revenue expenditure deductible in computing income because the Tribunal's finding turned on the facts of the case and each disputed item had already been accepted as revenue in nature. The aggregate outlay could not be classified as capital expenditure merely because the modernisation programme involved substantial spending as a whole. Since the conclusion rested on factual findings, no referable question of law arose, and the request for reference was rejected. Case-Laws Income Tax Tue, 21 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36180