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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Expenditure on construction of house of labourer - revenue v/s ...

Case Laws     Income Tax

February 24, 2016

Expenditure on construction of house of labourer - revenue v/s capital expenditure - when the structure does not vest in the assessee and it has to pay monthly rent thereof to the Government, the expenditure incurred by the assessee thereon has been rightly treated as a revenue expenditure - HC

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