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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Bond issue expenses – Revenue or capital - The business had ...


Bond Issue Costs Ruled as Revenue, Not Capital, Due to Business Operations Starting Prior to Relevant Year.

June 9, 2014

Case Laws     Income Tax     HC

Bond issue expenses – Revenue or capital - The business had commenced much earlier and not during the year. - expenditure is revenue in nature - HC

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