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HomeDirect TaxReplacing Dies and Moulds Is Not Capital Spend: Madras HC Upholds Relief...

Replacing Dies and Moulds Is Not Capital Spend: Madras HC Upholds Relief to TVS Motor

Direct Tax

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By Mariya Paliwala
Replacing Dies and Moulds Is Not Capital Spend: Madras HC Upholds Relief to TVS Motor

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The Madras High Court has dismissed a long-pending income tax appeal filed by the Income Tax Department against TVS Motor Company Ltd., affirming multiple reliefs granted to the automobile major for the Assessment Year 2005–06.  The Bench of Justice Anita Sumanth and Justice Mummineni Sudheer Kumar upheld the findings of the Income Tax Appellate Tribunal…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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