Expenses on cast reusable iron moulds – The short shelf life of ...

Purchasing short-lived reusable iron moulds treated as revenue expenditure, not capital, due to regular replacement needs.

July 19, 2014

Case Laws Income Tax HC

Expenses on cast reusable iron moulds – The short shelf life of the cast iron ingot moulds, which is to be purchased on regular basis as if it is a part of the stores of spares is revenue expenditure and not capital expenditure - HC

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Expenses on cast reusable iron moulds – The short shelf life of ...

Purchasing short-lived reusable iron moulds treated as revenue expenditure, not capital, due to regular replacement needs.

July 19, 2014

Case Laws Income Tax HC

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