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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Adhoc disallowance of 20% of total expenditure incurred on ...


Adjudication Rules Against 20% Disallowance on Repairs and Maintenance Expenditure Labeled as Capital Without Justification.

September 19, 2015

Case Laws     Income Tax     AT

Adhoc disallowance of 20% of total expenditure incurred on repairs and maintenance and treating the same as capital expenditure mechanically and perfunctorily - No disallowance to be made - AT

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