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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Website development is nothing but creation of new asset and the ...


Website Development Costs Deemed New Asset Creation; Expense Claim Rightly Disallowed for Long-term Benefits.

July 19, 2016

Case Laws     Income Tax     AT

Website development is nothing but creation of new asset and the entire expenditure was incurred for the future of the company and also for a long term impact, which is of enjoying enduring benefit - claim of expenses was rightly disallowed - AT

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