Capital expenditure or revenue expenditure - The ‘loaner’ sets ...

Loaner Sets Expenditure: Not Capital; Aligns with Revenue Despite Amortization Over 36 Months.

April 6, 2017

Case Laws Income Tax AT

Capital expenditure or revenue expenditure - The ‘loaner’ sets have been found to have average life of 36 months. In such circumstances, merely because the assessee has amortized the expenditure, it does not warrant the conclusion that such expenditure is capital expenditure. - AT

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Capital expenditure or revenue expenditure - The ‘loaner’ sets ...

Loaner Sets Expenditure: Not Capital; Aligns with Revenue Despite Amortization Over 36 Months.

April 6, 2017

Case Laws Income Tax AT

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