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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Nature of expenditure - expenditure for re-place of flooring and ...


Pub's Flooring, AC, Dishwasher, and AV Equipment Costs Classified as Revenue Expenses, Deductible Under Income Tax Act Section 37.

January 16, 2019

Case Laws     Income Tax     HC

Nature of expenditure - expenditure for re-place of flooring and purchase of air conditioner, dish washing machine, and audio/video equipments in the pub etc. - Held as revenue expenditure allowable as deduction u/s 37.

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