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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Capital expenditure or revenue expenditure - Deferment of ...


Expenses on Membrane Replacement Classified as Capital, Not Revenue Expenditure Under Tax Law.

December 17, 2011

Case Laws     Income Tax     HC

Capital expenditure or revenue expenditure - Deferment of revenue expenditure - Expenses incurred by the assessee on the replacement of membranes - the nature of expenditure cannot be held to be of revenue nature..... - HC

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