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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Nature of expenditure - expenditure incurred by the assessee ...


Technology Upgrade Costs Deemed Revenue Nature Due to Frequent Replacement Needs and Rapid Tech Changes.

January 2, 2018

Case Laws     Income Tax     AT

Nature of expenditure - expenditure incurred by the assessee towards technology upgradation charges which requires frequent replacement due to rapid change in technology and constant need for upgradation would only be revenue in nature - AT

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