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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Expense incurred upon construction of the drain for release of ...


Drain Construction Cost Classified as Capital Expenditure Due to Enduring Benefit, Not Revenue Expenditure.

December 31, 2013

Case Laws     Income Tax     HC

Expense incurred upon construction of the drain for release of effluents have conferred benefit of an enduring nature upon the assessee - held as capital expenditure and not of revenue nature - HC

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