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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

The asset which was created belonged to somebody else and the ...


High Court Rules Company's Expenditure on Third-Party Asset as Revenue Expenditure, Affirms Business Benefit Gained.

February 1, 2014

Case Laws     Income Tax     HC

The asset which was created belonged to somebody else and the company derived an enduring business advantage by expending the amount - The expenditure should be looked upon as revenue expenditure - HC

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