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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Expenditure incurred on improvement/additions to leasehold ...


Construction Costs for Storage Structures Classified as Revenue Expenditure, Deductible from Taxable Income per Case Law.

September 21, 2015

Case Laws     Income Tax     AT

Expenditure incurred on improvement/additions to leasehold property - The expenditure incurred by the assessee on construction of storage structure etc. has to be allowed as revenue expenditure - AT

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