Supreme Court · 2009 INSC 931 · Decided 21 July 2009
Commissioner of Income Tax, Madurai v. M/S. Sri Mangayarkarasi Mills (P) LTD.
- Court
- Supreme Court of India
- Citation
- 2009 INSC 931 · [2009] 10 S.C.R. 1187
- Case number
- CIVIL APPEAL No. 4579/2009
- Decided
- 21 July 2009
- Bench
- TARUN CHATTERJEE, AFTAB ALAM (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 37
Headnote
1187 COMMISSIONER OF INCOME TAX, Ml\DURAI A ' v. M/S. SRI MANGAYARKARASI MILLS (P) LTD. (Civil Appeal No. 4579 of 2009) JULY 21, 2009 B [TARUN CHATTERJEE AND AFTAB ALAM, JJJ ,I Income Tax Act; 1961: Expenditure incurred on replacement of machinery in a textile/spinning mill system - Held: Is was whether the expenditure incurred on D replacement of machinery in a textile/spinning mill system amounts to capital expenditure or revenue expenditure deductible under Section 37 of the Income Tax Act, 1961 or current repairs deductible under Section 31 of the Act. E • Allowing the
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