2016 (8) TMI 1462

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....tar for the Opponent. ORAL ORDER Mr. Akil Kureshi 1. Leave to substitute the correct order of the Income Tax Appellate Tribunal. 2. The Revenue is in appeal against the judgement of the Income Tax Appellate Tribunal raising following questions for our consideration: "(i) Whether on the facts and circumstances of the case and in law, the ITAT was right in upholding the decision....

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....t of expenses incurred for replacement of remembering cells-II. The Revenue would contend that the expenditure is capital in nature and therefore, was not allowable deduction. 4. Both sides agreed that this issue in case of this very assessee for earlier assessment years came up for consideration before this Court in case of Commissioner of Income Tax vs. Gujarat Alkalies and Cheimcals Ltd. rep....