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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Disallowance of expenditure on account of shifting of machines - ...

Case Laws     Income Tax

August 8, 2019

Disallowance of expenditure on account of shifting of machines - capital or revenue expenditure - plant and machineries had to be dismantled and transported and again installed at other plant - such expenditure do not given enduring benefit to the assessee on the contrary such expenditure are incurred to facilitate the business of the assessee and have to be allowed as revenue expenditure

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