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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Capital or Revenue expenses – The number of entries for ...


Court Rules Software Tool Purchases as Revenue Expenditure for Tax Purposes.

January 19, 2014

Case Laws     Income Tax     AT

Capital or Revenue expenses – The number of entries for purchase of software tools is running into 170 - thus, the expenditure incurred by the assessee was revenue in nature - AT

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