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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Consultancy fee incurred in relation to plant and machinery - ...


Consultancy Fee for Plant & Machinery: 70% Classified as Capital Expenditure, Eligible for Depreciation.

January 25, 2017

Case Laws     Income Tax     AT

Consultancy fee incurred in relation to plant and machinery - revenue v/s capital expenditure - AO directed to consider the 70% of the payment on consultancy fee as capital expenditure for inclusion under the block of asset of plant and machinery and allow the depreciation accordingly - AT

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