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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Disallowance of revenue expenditure - Non commencement of ...


Court Rules Revenue Expenditure Allowed for Large-Scale Projects Before Completion; Business Considered Set Up.

October 5, 2013

Case Laws     Income Tax     HC

Disallowance of revenue expenditure - Non commencement of business - even if the entire stretch of canal is yet to come into existence, in a project of this big a size, it will surely be not right to hold that the business of the assessee respondent has not been set up - HC

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