The submission of revenue that the accounting treatment to be ...

Case Laws Income Tax

July 22, 2016

The submission of revenue that the accounting treatment to be meted out to a transaction in accordance with the Accounting Standard has no relevance for the purposes of the Income-tax Act, 1961, is a submission which does not commend to us. Thus, expenditure on tools is to be allowed as revenue expenditure - AT

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The submission of revenue that the accounting treatment to be ...

Case Laws Income Tax

July 22, 2016

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