that the type metal in molten form could be treated as loose tools and, therefore, the treatment of such metal as had been done ... year would be a distorted one. Even on the analogy of loose tools, learned standing counsel submitted, that in view of the text book
that the type metal in molten form could be treated as loose tools, and therefore the treatment of such metal as had been done ... year would be a distorted one. Even on the analogy of loose tools, the learned Standing Counsel submitted that in view of the text book
that the type metal in molten form could be treated as loose tools, and therefore the treatment of such metal as had been done ... year would be a distorted one. Even on the analogy of loose tools, the learned Standing Counsel submitted that in view of the text book
finished goods worth about Rs. 5,610 to Wavin India Limited. Loose tools to the extent of Rs. 825 was sold to Poysha Industries
building where the raw materials, stores, and spare parts and loose tools were kept and those goods had been totally destroyed by the fire
works as well as the collapsible tubes and finished goods and loose tools during the year ending July 31, 1969, relevant to the assessment year
works as well as the collapsible tubes and finished goods and loose tools during the year ending July 31, 1969, relevant to the assessment year
installation, plants, and machinery, furniture and fittings, office and transport vehicles, loose tools, book debts, imprest cash with employees, investments, interest accrued on investments, cash
building where the raw materials, stores and spare parts and loose tools were kept and those goods had been totally destroyed by the fire
case, the Hon'ble ITAT was right in holding that loose
tools which does not provide enduring benefit should be
classified as capital expenditure
