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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Disallowance on account of advertisement expenses – There is no ...

Case Laws     Income Tax

November 4, 2013

Disallowance on account of advertisement expenses – There is no concept of “deferred revenue expenditure“ in the Income-tax Act. The expenditure is either “revenue“ or “capital“ in nature. - AT

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