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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

The treatment of a particular expense or a provision in the ...


Software Expenses Classified as Revenue Expenditure: Accounting Records Do Not Determine Nature of Expense.

January 1, 2014

Case Laws     Income Tax     AT

The treatment of a particular expense or a provision in the books of account can never be conclusively determinative of the nature of the expense - The expenditure incurred by the assessee on account of software expenses was a revenue expenditure - AT

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