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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Expenses incurred for the preoperative period towards the ...

Case Laws     Income Tax

September 26, 2019

Expenses incurred for the preoperative period towards the project development cost - the treatment given in the books of account by the assessee would not be conclusive in income tax proceedings to decide whether the expenditure was revenue or capital - Order of ITAT allowing as revenue expenditure upheld. - HC

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