Income Tax Officer Versus M/s Ar-Ex Laboratories Pvt. Ltd. - Income Tax - ITAT MUMBAI - Tri - Expenses on repairs Revenue or capital Expenditure Held that - The expenses were incurred to carry out changes in the manufacturing area on the direction of licensing authority - no new asset has been created by incurring said expenditure and the said expenditure was incurred to facilitate to run the factory Following CIT V/s Associated Cement Companies Ltd. 1988 (5) TMI 2 - SUPREME Court - What................................... Income Tax - Case Laws
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