Expenditure incurred on wire mesh fitted on the buses plied by ...

Wire mesh installation on school buses seen as revenue expense, not capital, due to lack of enduring benefit.

December 27, 2016

Case Laws Income Tax AT

Expenditure incurred on wire mesh fitted on the buses plied by assessee for the school children - it is not in the capital field but is of revenue in nature and there is no enduring benefit to the assessee - AT

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Expenditure incurred on wire mesh fitted on the buses plied by ...

Wire mesh installation on school buses seen as revenue expense, not capital, due to lack of enduring benefit.

December 27, 2016

Case Laws Income Tax AT

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