https://www.taxtmi.com/caselaws?id=55717 The Tribunal determined that the expenditure of Rs.4,20,66,275 on cold repairs of the furnace was capital in nature as it led to acquiring a new asset with enhanced efficiency. Additionally, the expenses were deemed irrelevant to the assessment year 1991-92 since the construction work began after that period. Consequently, the Revenue's appeal succeeded, and the expenses were disallowed as revenue expenditure for the said assessment year. en-us Thu, 17 May 2001 00:00:00 +0530 Mon, 29 Nov 2010 16:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55717 The Tribunal determined that the expenditure of Rs.4,20,66,275 on cold repairs of the furnace was capital in nature as it led to acquiring a new asset with enhanced efficiency. Additionally, the expenses were deemed irrelevant to the assessment year 1991-92 since the construction work began after that period. Consequently, the Revenue's appeal succeeded, and the expenses were disallowed as revenue expenditure for the said assessment year. Case-Laws Income Tax Thu, 17 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55717