Capital vs revenue expenditure – Following the matching concept, ...

Case Laws Income Tax

June 12, 2012

Capital vs revenue expenditure – Following the matching concept, the materiality concept and Accounting Standard AS 26 in the assessee's case before us, the amount of Rs.15 lakhs claimed as expenses towards corporate membership for a period of 15 years has to be apportioned in ten years proportionately from the date of obtaining the membership. - AT

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Capital vs revenue expenditure – Following the matching concept, ...

Case Laws Income Tax

June 12, 2012

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