Benefit of deduction u/s.57(iii) - whether payment was made for ...

High Court Dismisses Revenue Appeal: Payment for Enlarging Control Is Not Capital Expenditure, Deduction Allowed u/s 57(iii.

August 19, 2017

Case Laws Income Tax HC

Benefit of deduction u/s.57(iii) - whether payment was made for enlarging the control and management over - capital expenditure or revenue expenditure - HC dismissed the revenue appeal

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Benefit of deduction u/s.57(iii) - whether payment was made for ...

High Court Dismisses Revenue Appeal: Payment for Enlarging Control Is Not Capital Expenditure, Deduction Allowed u/s 57(iii.

August 19, 2017

Case Laws Income Tax HC

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In the present case, the Assessing Officer (AO) disallowed the expenditure claimed u/s 57(iii) of the Income Tax Act on an ad-hoc basis. The AO did not challenge the...

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