Replacement Cost of Dies and Moulds is Revenue Expenditure: ITAT Mumbai

Advertisement DCIT Vs Bajaj Auto Limited (ITAT Mumbai) The Revenue filed an appeal before the ITAT Mumbai against the order of the Commissioner of Income Tax (Appeals) [CIT(A)], National Faceless Appeal Centre, dated 13 March 2025, for the assessment year 2021-22. The appeal challenged several findings by the CIT(A) in favor of the assessee, Bajaj Auto Limited, relating to the classification and allowability of various expenditures and claims. 1. Expenditure on Dies and Moulds The primary issue in Ground No. 1 concerned whether expenditure of ₹98.30 crore incurred on dies and moulds shoul...