https://www.taxtmi.com/caselaws?id=249657 The High Court affirmed the Tribunal's decision, ruling that the expenditure on cast iron ingot molds should be considered as revenue expenditure due to their short lifespan and regular replacement necessity in the manufacturing process, aligning with previous rulings and factual assessments. en-us Mon, 14 Jul 2014 00:00:00 +0530 Tue, 17 Feb 2015 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249657 The High Court affirmed the Tribunal's decision, ruling that the expenditure on cast iron ingot molds should be considered as revenue expenditure due to their short lifespan and regular replacement necessity in the manufacturing process, aligning with previous rulings and factual assessments. Case-Laws Income Tax Mon, 14 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249657