Expenses for Replacing Decayed Parts in Manufacturing Qualify as Current Repairs u/s 31 of Income Tax Act.

Nature of expenditure - current repairs - replacement of decayed parts - The assessee explains that the replacement was necessary for the manufacturing process, and there is no evidence to suggest that it resulted in a new asset or advantage to the assessee. Therefore, the expenses should be considered as current repairs and allowed u/s 31 - AT .....

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