Once the objective of the expenditure being improvement in ...

Expenditure to Improve Business Prospects Considered Revenue Benefit, Even for Long-Term Gains.

May 11, 2015

Case Laws Income Tax AT

Once the objective of the expenditure being improvement in business prospects is accepted, then it has to follow that such an enduring benefit is in the revenue field. If the benefit, though long term is in the revenue field, then the corresponding expenditure which has resulted in such benefit is liable to be considered revenue in nature - AT

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Once the objective of the expenditure being improvement in ...

Expenditure to Improve Business Prospects Considered Revenue Benefit, Even for Long-Term Gains.

May 11, 2015

Case Laws Income Tax AT

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