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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Expenses on abandoned project – the expenditure has been ...

Case Laws     Income Tax

September 4, 2014

Expenses on abandoned project – the expenditure has been incurred for the project which could not be accomplished and it was intended to facilitate the assessee's business activity to be carried out more conveniently and profitably, the expenditure is an allowable revenue expenditure - AT

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