TMI BlogDisallowance being tools and dies written off - The expenditure incurred on dies and tools is a...Disallowance being tools and dies written off - The expenditure incurred on dies and tools is a recurring revenue expenditure and no capital asset of enduring benefit comes into existence more so because the dies need to be replaced often. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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