TMB Spare Parts Costs Classified as Revenue Expenditure Due to Consumable Nature in Income Tax Context.

TMB Spare Parts Costs Classified as Revenue Expenditure Due to Consumable Nature in Income Tax Context. https://www.taxtmi.com/highlights?id=47997 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. en-us Wed, 17 Jul 2019 10:29:36 +0530 Wed, 17 Jul 2019 10:29:36 +0530 TaxTMI RSS Generator TMB Spare Parts Costs Classified as Revenue Expenditure Due to Consumable Nature in Income Tax Context. https://www.taxtmi.com/highlights?id=47997 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. Highlights Income Tax Wed, 17 Jul 2019 10:29:36 +0530 https://www.taxtmi.com/highlights?id=47997