Once expenditure was of revenue nature and was incurred for ...

Case Laws Income Tax

August 17, 2013

Once expenditure was of revenue nature and was incurred for expanding existing line of business it could have been allowed under Section 37 of the Act. - No doubt, assessee's claim was only for one-third of total outgo. - However, for this reason alone, a disallowance could not have been made - AT

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Once expenditure was of revenue nature and was incurred for ...

Case Laws Income Tax

August 17, 2013

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