TMI BlogDisallowance of expenditure towards purchase of tools - Revenue or capital expenditure - Claiming these...Disallowance of expenditure towards purchase of tools - Revenue or capital expenditure - Claiming these expenditures as deduction is only revenue neutral because even otherwise depreciation has to be allowed on these petty assets. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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