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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Dry Docking Expenses - The maintenance of vessels and rigs is a ...

Case Laws     Income Tax

June 4, 2015

Dry Docking Expenses - The maintenance of vessels and rigs is a sine-qua-non for carrying on its business of exploration and production of oil - the opinion that AO was not right in disallowing the expenditure as capital expenditure - HC

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