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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Expenditure on TMB spare parts - Considering the nature of the ...

Income Tax

July 17, 2019

Expenditure on TMB spare parts - Considering the nature of the machine and the items replaced in the machinery, it is clear that the TMB spare parts are consumable in nature, therefore, assessee rightly claimed it to be revenue expenditure.

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