Hinduja Foundries Ltd., Chennai vs Assessee on 19 February, 2016
By respectfully following
the judgments of Madras High Court in Rane (Madras) Ltd. (supra)
and in Sakthi Sugars Ltd. (supra), the orders of the lower authorities
are set aside and the Assessing Officer is directed to allow the
expenditure incurred by the assessee in connection with the
expansion of the units at Sriperumbudur and Hyderabad as revenue
expenditure.