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Revenue or Capital Expenditure

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(Querist)
22 June 2011 Sir,

If an assessee incurred exp. for replacement of computer operating system program of machineries so whether it is rev or cap exp.

pls give any case law for d same if any?
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Rahul Sharma

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Rahul Sharma (Expert)
23 June 2011
cost for incurred for Replacement of Machinery will be capitalized. You can also refer the AS-10 on FIXED ASSETS

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