https://www.taxtmi.com/highlights?id=45197 Disallowance of obsolete store and spares - AO, treat the same as capital expenditure and did not constitute stock-in-trade and deduction u/s 42 could be allowed to the assessee for capital expenditure as and when the same are certified by the Auditors - it can't be treated as capital expenditure for the assessee. en-us Sat, 16 Mar 2019 08:23:31 +0530 Sat, 16 Mar 2019 07:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=45197 Disallowance of obsolete store and spares - AO, treat the same as capital expenditure and did not constitute stock-in-trade and deduction u/s 42 could be allowed to the assessee for capital expenditure as and when the same are certified by the Auditors - it can't be treated as capital expenditure for the assessee. Highlights Income Tax Sat, 16 Mar 2019 08:23:31 +0530 https://www.taxtmi.com/highlights?id=45197