https://www.taxtmi.com/caselaws?id=750708 The Gujarat HC dismissed the Revenue's appeal regarding repairs and maintenance expenses on stores and spares, holding these were revenue expenditures rather than capital. The court found that replacement of parts like pipelines and fuel burner systems, which don't function independently, constitutes repairs and maintenance of the entire plant machinery. Regarding contributions to a trust for constructing a statue, the court allowed the deduction under section 37, finding commercial expediency as the assessee's products were sold under the "Sardar" brand name for four decades, and the statue would enhance brand value and sales. The court admitted an appeal on the substantial question whether written-off expenditure for establishing new projects that didn't materialize should be treated as capital rather than revenue expenditure. en-us Mon, 28 Aug 2023 00:00:00 +0530 Thu, 28 Mar 2024 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750708 The Gujarat HC dismissed the Revenue's appeal regarding repairs and maintenance expenses on stores and spares, holding these were revenue expenditures rather than capital. The court found that replacement of parts like pipelines and fuel burner systems, which don't function independently, constitutes repairs and maintenance of the entire plant machinery. Regarding contributions to a trust for constructing a statue, the court allowed the deduction under section 37, finding commercial expediency as the assessee's products were sold under the "Sardar" brand name for four decades, and the statue would enhance brand value and sales. The court admitted an appeal on the substantial question whether written-off expenditure for establishing new projects that didn't materialize should be treated as capital rather than revenue expenditure. Case-Laws Income Tax Mon, 28 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750708