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Income Tax - Highlights / Catch Notes

Home Highlights May 2012 Year 2012 This

Capital or revenue expenditure - Commencement of business - ...


Court Rules Engineer Hiring Costs as Revenue Expenditure, Not Capital, Given Director's Expertise in Business Setup.

May 1, 2012

Case Laws     Income Tax     AT

Capital or revenue expenditure - Commencement of business - There was no necessity to employ Engineers because the Director was competent to render advisory services for setting up the business. - AT

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