https://www.taxtmi.com/highlights?id=52077 Disallowance being tools and dies written off - The expenditure incurred on dies and tools is a recurring revenue expenditure and no capital asset of enduring benefit comes into existence more so because the dies need to be replaced often. - HC en-us Sat, 29 Feb 2020 11:56:43 +0530 Sat, 29 Feb 2020 11:56:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52077 Disallowance being tools and dies written off - The expenditure incurred on dies and tools is a recurring revenue expenditure and no capital asset of enduring benefit comes into existence more so because the dies need to be replaced often. - HC Highlights Income Tax Sat, 29 Feb 2020 11:56:43 +0530 https://www.taxtmi.com/highlights?id=52077