Disallowance being tools and dies written off - The expenditure ...

Tools and Dies Costs Classified as Recurring Revenue Expense, Not Capital Asset Due to Lack of Enduring Benefits.

February 29, 2020

Case Laws Income Tax HC

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

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Disallowance being tools and dies written off - The expenditure ...

Tools and Dies Costs Classified as Recurring Revenue Expense, Not Capital Asset Due to Lack of Enduring Benefits.

February 29, 2020

Case Laws Income Tax HC

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