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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Allowability of revenue expenditure being the amount written off ...


Court Allows Revenue Expenditure Claim for Abandoned Project with Additional Towers; No New Business Established.

October 5, 2016

Case Laws     Income Tax     HC

Allowability of revenue expenditure being the amount written off - no new business was set up, but towers in addition to which were already set up were proposed at site, which project was later on abandoned - claim of expenditure allowed - HC

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