As the assessee’s business was promotion of new ventures, the ...

Project Costs Deemed Revenue Expenditure, Not Preliminary or Capital, for Business Promoting New Ventures.

February 2, 2016

Case Laws Income Tax AT

As the assessee’s business was promotion of new ventures, the project expenditure was incidental to the business and hence could not be treated as preliminary or capital in nature and accordingly allowed the same as Revenue expenditure. - AT

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As the assessee’s business was promotion of new ventures, the ...

Project Costs Deemed Revenue Expenditure, Not Preliminary or Capital, for Business Promoting New Ventures.

February 2, 2016

Case Laws Income Tax AT

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