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VAT - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

UPTT, 1948 - Whether preoperative expenses in the form of ...


Interest on Preoperative Loan Not Part of Fixed Capital Investment Under UPTT 1948, Court Rules for Tax Purposes.

March 25, 2014

Case Laws     VAT and Sales Tax     SC

UPTT, 1948 - Whether preoperative expenses in the form of payment of interest towards the advance loan taken from the financial institution would form part of additional fixed capital investment (FCI) - Held no - SC

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