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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Expenditure on relocation of existing equipment - The relocation ...


Relocation of Equipment Costs Classified as Revenue Expenditure, Allowable for Tax Deductions, Enhances Efficiency.

October 29, 2019

Case Laws     Income Tax     AT

Expenditure on relocation of existing equipment - The relocation of the existing equipment by any stretch of imagination cannot result in creation of any new asset. At best it could have resulted in efficient running of the plant and machinery. - allowed as revenue expenditure.

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