Revenue or capital expenditure - the replacement of GC sheets ...

GC and Aluminum Sheet Replacement Considered Current Repairs, Not Capital Expenditure, with No New Asset Created.

November 28, 2011

Case Laws Income Tax AT

Revenue or capital expenditure - the replacement of GC sheets and aluminium sheets is not to bring into existence any new asset or new advantage to the assessee - the expenditure has to be treated as expenditure for current repairs.... - AT

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Revenue or capital expenditure - the replacement of GC sheets ...

GC and Aluminum Sheet Replacement Considered Current Repairs, Not Capital Expenditure, with No New Asset Created.

November 28, 2011

Case Laws Income Tax AT

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