Nature of expenditure - substantial amount incurred at fag end ...

Expenditure at Fiscal Year-End Must Be Capitalized Due to Long-Term Benefits, Not Classified as Revenue Expenditure.

September 25, 2018

Case Laws Income Tax AT

Nature of expenditure - substantial amount incurred at fag end of the year - The assessee has been unable to prove that this particular expenditure will not give benefit to the company for a long period. Thus the amount cannot be categorized as a revenue expenditure under the head repair and maintenance and the same needs to be capitalized

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Nature of expenditure - substantial amount incurred at fag end ...

Expenditure at Fiscal Year-End Must Be Capitalized Due to Long-Term Benefits, Not Classified as Revenue Expenditure.

September 25, 2018

Case Laws Income Tax AT

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