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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Nature of Expenses – huge expenses towards repair and ...


Repair and Maintenance Costs for Machinery, Including Band Knives, Deemed Revenue Expenses.

December 4, 2014

Case Laws     Income Tax     AT

Nature of Expenses – huge expenses towards repair and maintenance on machinery and plant made – purchase of band knives for use in splitting machine - expenditure on removing the roller jammed in order to make it functional - held as revenue in nature - AT

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