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Income Tax - Highlights / Catch Notes

Home Highlights June 2012 Year 2012 This

Capital expenditure vs Revenue expenditure - any expenditure on ...

Case Laws     Income Tax

June 4, 2012

Capital expenditure vs Revenue expenditure - any expenditure on replacement or repairs to plant and machinery which does not bring into existence any enduring or permanent advantage in the capital field is allowable as revenue expenditure. - HC

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