Dismissing the appeal of the revenue the Court held that expenditure incurred by assessee on repairs of machinery and replacement of some of its parts on regular basis in course of manufacturing process is allowable as revenue expenditure. (AY. 2011-12)
DCIT v. Gulshan Chemicals Ltd. (2020) 184 ITD 71 / 208 TTJ 153 / (2021) 197 DTR 274 (Delhi)(Trib.)
S. 37(1) : Business expenditure-Repairs of machinery and replacement of some of its parts-Allowable as business expenditure. [S. 32]