Expenditure on Rubber Replantation Must Be Capitalized, Not Deducted as Revenue, per Income Tax Rule 7A.

Entitlement under Rule 7A of ITR for deduction of expenditure incurred on replantation of rubber - Expenditure incurred for planting and development of the plantation up to maturity has to be necessarily capitalised and is not allowable as a revenue expenditure. - HC .....

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