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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Nature of road repairs expenses - assessee is required to incur ...


Road Maintenance Costs Allowed as Revenue Expenditure Due to Lack of Enduring Benefit for Assessee.

February 3, 2016

Case Laws     Income Tax     AT

Nature of road repairs expenses - assessee is required to incur expenditure every year to maintain the road of huge stretch shows that the assessee is not enjoying enduring benefit. - Claim allowed as revenue expenditure - AT

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