2011 (1) TMI 8

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..... vana Spinning Mills Private Limited, reported in (2007 -TMI - 1775 - SUPREME COURT) and CIT vs. Ramaraju Surgical Cotton Mills, reported in (2007 -TMI - 2064 - SUPREME COURT) wherein it was held that: expenditure incurred by the assessee for modernisation and replacement does not came within the connotation of the words "current repairs" in section 31(i).
S.H. Kapadia, Chief Justice; K.S. Panic .....

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