https://www.taxtmi.com/forum/issue?id=107276 Issue: classification for income tax of expenditure on cylinders used by a supplier to produce packing materials while the cylinders remain in the supplier's possession. The core question is whether to capitalise or expense the cost and how ownership, control and nexus to production affect the accounting head when the asset does not enter the purchaser's premises but is used to make goods supplied to the purchaser on order. en-us Thu, 04 Sep 2014 13:46:16 +0530 Thu, 23 Jan 2025 15:57:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107276 Issue: classification for income tax of expenditure on cylinders used by a supplier to produce packing materials while the cylinders remain in the supplier's possession. The core question is whether to capitalise or expense the cost and how ownership, control and nexus to production affect the accounting head when the asset does not enter the purchaser's premises but is used to make goods supplied to the purchaser on order. Discussion-Forum Companies Law Thu, 04 Sep 2014 13:46:16 +0530 https://www.taxtmi.com/forum/issue?id=107276