Replacing machinery part is revenue exp. if there was no increase in production capacity after such replacement

INCOME TAX : Where assessee-company, engaged in business of manufacturing of Pressure and Gravity Die Casting, H.T. Coils, claimed deduction under section 37(1) on account of expenditure incurred on replacement of Gripper which is part of robotic arms forming part of high pressure die casting machines but Assessing Officer had disallowed same treating said expenditure as capital in nature

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