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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Product development cost as revenue expenditure - dyes brought ...


Dye development costs must be capitalized, not claimed as revenue expenditure; depreciation is allowed.

September 16, 2013

Case Laws     Income Tax     AT

Product development cost as revenue expenditure - dyes brought an advantage of an enduring nature to the assessee - not allowed as revenue expenditure - to be capitalized and depreciation to be allowed - AT

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