Expenses on purchase on new items - Acquisition of new assets ...

New Asset Purchases Labeled Current Repairs, But 10% Deemed Capital by Assessing Officer.

July 24, 2014

Case Laws Income Tax AT

Expenses on purchase on new items - Acquisition of new assets for replacement of existing assets as current repairs - 10% of items listed by the AO are held to be of capital - AT

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Expenses on purchase on new items - Acquisition of new assets ...

New Asset Purchases Labeled Current Repairs, But 10% Deemed Capital by Assessing Officer.

July 24, 2014

Case Laws Income Tax AT

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