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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Assessee had incurred the said expenditure only to preserve and ...

Case Laws     Income Tax

February 2, 2017

Assessee had incurred the said expenditure only to preserve and maintain the existing asset and that the expenditure was not of a nature which brought into being a new asset or created a new advantage of an enduring nature - the expenditure is revenue in nature - AT

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