Expenditure for repairs and maintenance to plant & machinery - ...

Income Tax

April 10, 2019

Expenditure for repairs and maintenance to plant & machinery - If the expenditure incurred by the assessee would not result in replacement of old machinery with new, then it may come within the ambit of current repair, but expenditure on such a magnitude which ultimately replaces full machinery within one or two years, then it would not come under concept of “current repair”

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Expenditure for repairs and maintenance to plant & machinery - ...

Income Tax

April 10, 2019

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Nature of expenditure - reconditioning/repair of plant and machinery - so long as only part of the machinery has been replaced as in the instant case to preserve and...

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