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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Expenses incurred on dismantling, transportation and re-erection ...


High Court Rules Expenses for Moving Manufacturing Units as Revenue Expenditure; Essential for Business Continuity.

May 29, 2017

Case Laws     Income Tax     HC

Expenses incurred on dismantling, transportation and re-erection and commissioning of the manufacturing units to another location - Shifting of the plant was only for the purpose of manufacturing activity continuing to exist and carrying on its business - Allowed as revenue expenditure - HC

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