Nature of expenses - expenditure incurred on capital stores and ...

ITAT rules machinery spare replacement costs as revenue expenditure, not capital; upholds deletion of additions.

July 22, 2023

Case Laws Income Tax HC

Nature of expenses - expenditure incurred on capital stores and spares - replacement of spares in the machineries - The ITAT the expenditure incurred cannot be treated as capital expenditure, but as revenue expenditure. - Order of ITAT deleting the additions confirmed - HC

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Nature of expenses - expenditure incurred on capital stores and ...

ITAT rules machinery spare replacement costs as revenue expenditure, not capital; upholds deletion of additions.

July 22, 2023

Case Laws Income Tax HC

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