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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

The preoperative expenses are all generally revenue expenditure ...

Case Laws     Income Tax

September 1, 2018

The preoperative expenses are all generally revenue expenditure and by applying a wrong test, which is not the decisive test, the Authorities had concurrently committed an error in treating the expenditure as capital expenditure.

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