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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

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

Case Laws     Income Tax

February 2, 2016

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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