https://www.taxtmi.com/caselaws?id=59749 The Appellate Tribunal ITAT CALCUTTA allowed the appeal, determining that the expenses claimed by the assessee were not disallowable under section 37(3A) of the Income Tax Act. Additionally, the Tribunal ruled in favor of the assessee regarding the classification of a specific amount claimed for the purchase of machinery, holding that it was correctly categorized as spare parts and not capital expenditure, setting aside the CIT's order under section 263 of the Act. en-us Mon, 09 Sep 1991 00:00:00 +0530 Fri, 31 Dec 2010 18:50:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59749 The Appellate Tribunal ITAT CALCUTTA allowed the appeal, determining that the expenses claimed by the assessee were not disallowable under section 37(3A) of the Income Tax Act. Additionally, the Tribunal ruled in favor of the assessee regarding the classification of a specific amount claimed for the purchase of machinery, holding that it was correctly categorized as spare parts and not capital expenditure, setting aside the CIT's order under section 263 of the Act. Case-Laws Income Tax Mon, 09 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59749