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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Allowability of replacement of dies and moulds as current ...


Die and Mould Replacement in Manufacturing Now Allowable as Current Repairs u/s 31 of Income Tax Act.

July 16, 2019

Case Laws     Income Tax     HC

Allowability of replacement of dies and moulds as current repairs - when the dies and moulds were attached to the machine to manufacture the designed product, the claim would fall for consideration only u/s 31 as revenue expenses

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