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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Various expenses incurred prior to setting up of Plant and ...


Expenses Before Setting Up Plant Considered Capital; Not Deductible for Tax Purposes.

December 25, 2014

Case Laws     Income Tax     AT

Various expenses incurred prior to setting up of Plant and machinery - the expense which have been incurred by the assessee prior to setting up the plant and machinery are capital in nature and cannot be allowed - AT

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