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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Nature of expenditure - when the expenditure was incurred, the ...

Case Laws     Income Tax

May 8, 2017

Nature of expenditure - when the expenditure was incurred, the project had not begun - There cannot be any absolute proposition of law that every expenditure made prior to the commencement of the project may not be treated as revenue expenditure and the same is to be treated as capital - HC

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