1989 (8) TMI 354 - HC - Income Tax

Summary

The High Court of Calcutta addressed two questions of law under the IT Act, 1961. The first question concerned the treatment of replacing a petrol engine with a diesel engine in a jeep as revenue or capital expenditure. The Court held it as revenue expenditure. The second question was about the allowance of extra shift on a generator, which was allowed based on a previous decision. The judgments were in favor of the assessee and the revenue respectively.