Second hand machinery purchased for use as spare parts for existing old machineries has to be considered as an allowable expenditure on revenue side

DECIDED BY: HIGH COURT OF KARNATAKA, IN THE CASE OF: Dr. Aswath N. Rao Vs. ACIT , APPEAL NO: ITA No. 2900/2005, DECIDED ON January 23, 2010

JUDGMENT

The assessee has come up in this appeal challenging the concurrent findings of c-11 the authorities below.

2. The facts leading to this case are as here under:

Assesses is a Cardiologist by

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