Determination of nature of expenditure incurred for renovation ...

Factory Renovation Costs Classified as Current Repairs for Tax Purposes Despite High Expenses Incurred.

May 11, 2017

Case Laws Income Tax AT

Determination of nature of expenditure incurred for renovation of factory building - A repair ordinarily involves renewal and restoration of the existing wear and tear. Such expenditure, in our view, is in the nature of current repair in spite of major expenses alleged to have been incurred - AT

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Determination of nature of expenditure incurred for renovation ...

Factory Renovation Costs Classified as Current Repairs for Tax Purposes Despite High Expenses Incurred.

May 11, 2017

Case Laws Income Tax AT

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