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![No Tax Deduction for Replacement of Machineries: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/07/SCN-Madras-High-Court-Taxscan.jpg "No Tax Deduction for Replacement of Machineries: Madras HC [Read Judgment]")
No Tax Deduction for Replacement of Machineries: Madras HC [Read Judgment]
The Madras High Court has held that the replacement of the machineries as a whole cannot be held to be current repairs or allowable revenue...