Court :
HC
Brief :
Held by the Hon`ble Court that, there are a number of tests which are required to decide whether the expenditure is revenue or capital in nature. A number of judgments cited before the court. However in the absence of requisite details regarding production capacity, we remit the matter to the commissioner (Appeals) who will decide the question in accordance with law.
Citation :
Ramaraju Surgical Cotton Mills Vs. C.I.T.
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