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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Addition of repairs for excavation of pond, purchase of wood ...

Case Laws     Income Tax

July 8, 2015

Addition of repairs for excavation of pond, purchase of wood shaft, ply, Burma teak wood, tiles etc. - revenue v/s capital expenditure - the impugned repair expenditure would amount to a revenue expense and it would qualify for deduction as repairs and maintenance - AT

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