Expenses incurred for the preoperative period towards the ...

High Court Upholds ITAT Decision: Preoperative Project Development Costs Classified as Revenue Expenditure, Not Based on Book Treatment.

September 26, 2019

Case Laws Income Tax HC

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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Expenses incurred for the preoperative period towards the ...

High Court Upholds ITAT Decision: Preoperative Project Development Costs Classified as Revenue Expenditure, Not Based on Book Treatment.

September 26, 2019

Case Laws Income Tax HC

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