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Expenditure on replacement of machinery cannot be regarded as current repairs
Case Law Details
- Case Name
- Commissioner of Income-tax, Madurai Vs Sree Ayyanar Spinning & Weaving Mills Ltd. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
SUPREME COURT OF INDIA
Commissioner of Income-tax, Madurai
Versus
Sree Ayyanar Spinning & Weaving Mills Ltd.
CIVIL APPEAL NOS. 3029, 3030, 3036,
3042, 3044, 3045 & 3046 OF 2006
SEPTEMBER 4, 2012
ORDER
Civil Appeal Nos.3029/2006 and 3045/2006:
1. Heard learned counsel on both sides.
2. These matters are squarely covered by the judgments of this Court in the cases of CIT v. Saravana Spg. Mill (P.) Ltd. [2007] 293 ITR 201 and CIT v. Ramaraju Surgical Cotton Mills [2007] 294 ITR 328.
3. Accordingly, the civil appeals filed by the Department are disposed of in terms of the judgements of thi...
