Section 31 pgbp
This query is : Resolved
13 June 2013
in case of expenditure incurred in replacing petrol engines fitted in jeeps (used for business purpose) with diesel engines in view of the old and defective condition of the existing engines and the price variation in petrol as compared to diesel... is it a capital expenditure or a revenue expenditure?
Guest
Guest
(Expert)
14 June 2013
It is a clear replacement hence no deduction u/s 31, expenditure should be capitalized to claim deduction u/s 32
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