Expenditure incurred for day-to-day improvement of existing business is capital expense

Spectrum Coal & Power Ltd. Vs ACIT (ITAT Mumbai)

Coal beneficiation has been defined as cost effective and significant step towards improving power plant efficiency and reducing the GHG emissions from the coal fired power plants in India would be to increase the availability of clean beneficiated coals using appropriate beneficiation technologies. In fact, it improves the quality of coal. From the note it is not denied that it is not for the improvement in the coal beneficiating activity for power grade coal. Power grade coal i

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