Assessing Officer Misclassifies Obsolete Stores as Capital Expenditure, Disallowing Section 42 Deductions for Taxpayer.

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....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.....