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

Expenditure to Maintain Existing Asset Classified as Revenue, Not Capital, Due to Lack of New Asset Creation.

February 2, 2017

Case Laws Income Tax AT

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

Expenditure to Maintain Existing Asset Classified as Revenue, Not Capital, Due to Lack of New Asset Creation.

February 2, 2017

Case Laws Income Tax AT

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