Nature of expenditure - reconditioning/repair of plant and ...

Income Tax

December 2, 2021

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 operate the existing machinery/assets without any enduring advantage, it would be treated as revenue expenditure - expenditure incurred by the assessee for reconditioning of plant and machinery are to be treated as revenue expenditure - AT

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Nature of expenditure - reconditioning/repair of plant and ...

Income Tax

December 2, 2021

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