An action that merely facilitates the assessee’s business ...

High Court Rules Business Profit-Enhancing Actions as Revenue, Affecting Tax Deductions and Capital Structure Distinctions.

March 20, 2014

Case Laws Income Tax HC

An action that merely facilitates the assessee’s business (making it more profitable), whilst leaving the fixed capital untouched, is revenue in nature - HC

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An action that merely facilitates the assessee’s business ...

High Court Rules Business Profit-Enhancing Actions as Revenue, Affecting Tax Deductions and Capital Structure Distinctions.

March 20, 2014

Case Laws Income Tax HC

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