1990 (5) TMI 243

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..... ollowing question of law to this Court under section 256(1) of the Income-tax Act, 1961 ('the Act'): Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was justified in law in allowing the expenditure of ₹ 78,000 incurred an conversion of oil-firing equipment to coal-firing one as revenue expenditure ? The assessment year involved .....

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..... as submitted by the assessee before the Commissioner (Appeals) that the expenses incurred on the conversion of the system were revenue expenditure. The Commissioner (Appeals) held that the expenditure incurred on the conversion of Steves should be allowed under section 37(1) of the Act. Against the said finding of the Commissioner (Appeals) the department filed an appeal before this Tribu .....

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