Thursday 3 April 2014

Exp. on replacement of chamber assembly rightly held by appellate authorities as current repairs: HC

IT : Where assessee claimed expenditure incurred on replacement of Chamber assembly in intermix machine as business expenditure, in view of fact that appellate authorities had gone into factual aspect of matter in order to understand actual functioning of chamber assembly in intermix machine and concluded that same was a current repair, there was no good ground to interfere with impugned order


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