Expenses on prototype development expenses u/s 36(1)(iv) - ...

Court Analyzes Prototype Development Costs u/s 36(1)(iv) for Revenue vs. Capital Classification; Enduring Benefit Test Not Definitive.

October 15, 2014

Case Laws Income Tax HC

Expenses on prototype development expenses u/s 36(1)(iv) - Revenue or Capital expenses - The test of enduring benefit is not a certain or conclusive test and it cannot be applied blindly and mechanically - HC

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Expenses on prototype development expenses u/s 36(1)(iv) - ...

Court Analyzes Prototype Development Costs u/s 36(1)(iv) for Revenue vs. Capital Classification; Enduring Benefit Test Not Definitive.

October 15, 2014

Case Laws Income Tax HC

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