Dismissing the appeal of the Revenue the Court held that the expenditure incurred by steel rolling mill for replacement of steel rolls is revenue expenditure. (AY. 2005-06)
CIT v. Jindal India Ltd. (2023) 293 Taxman 478 (Cal.)(HC)
S. 37(1) : Business expenditure-Capital or revenue-Current repairs-Steel rolling mill-Expenditure incurred for replacement of steel rolls is revenue expenditure. [S. 31]