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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

The expenditure made for construction/acquisition of new ...


High Court Rules Abandoned Facility Costs Deductible as Business Expenses in Work-in-Progress Stage.

March 26, 2015

Case Laws     Income Tax     HC

The expenditure made for construction/acquisition of new facility subsequently abandoned at the work-inprogress stage was allowable as incurred wholly or exclusively for the purpose of assessee’s business - HC

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