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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Capital OR Revenue expenditure - When expenses are incurred to ...


Expenses to Increase Share Capital Are Capital Expenditure, Regardless of Use by Assessee.

February 22, 2012

Case Laws     Income Tax     AT

Capital OR Revenue expenditure - When expenses are incurred to increase the share capital and it was immaterial for what purpose the share capital was utilized by the assessee. - AT

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