https://www.taxtmi.com/caselaws?id=767615 Replacement expenditure was treated as revenue where the new machinery improved efficiency without increasing installed production capacity or creating an enduring capital advantage. Fly ash silo equipment qualified for 100% depreciation as pollution control machinery because it contained and channelised fly ash within the manufacturing process. Adjustment of a loan against earlier interest liability was not treated as actual payment under section 43B without proof of real disbursement and discharge. Excise duty and customs duty were excluded from total turnover for export deduction computation under section 80HHC, as they lacked the relevant nexus with sale proceeds. Full depreciation on dumpers was disallowed because the assessee failed to prove receipt and use within the qualifying period. en-us Wed, 22 Jan 2025 00:00:00 +0530 Fri, 21 Mar 2025 08:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767615 Replacement expenditure was treated as revenue where the new machinery improved efficiency without increasing installed production capacity or creating an enduring capital advantage. Fly ash silo equipment qualified for 100% depreciation as pollution control machinery because it contained and channelised fly ash within the manufacturing process. Adjustment of a loan against earlier interest liability was not treated as actual payment under section 43B without proof of real disbursement and discharge. Excise duty and customs duty were excluded from total turnover for export deduction computation under section 80HHC, as they lacked the relevant nexus with sale proceeds. Full depreciation on dumpers was disallowed because the assessee failed to prove receipt and use within the qualifying period. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767615