Tag Archives: Super Spinning Mills Ltd

Textile machinery replacement expenditure is remanded for fresh verification under Supreme Court repair guidelines.

By | July 10, 2026

Textile machinery replacement expenditure is remanded for fresh verification under Supreme Court repair guidelines. Issue Whether the expenditure incurred by a textile manufacturing company on replacing independent, sophisticated plant and machinery can be classified as a deductible revenue expenditure or “current repairs,” or if it must be treated as a capital expenditure. Facts The assessee… Read More »