Interest on borrowing for setting up of the Argon Gas Plan - ...

Interest on Loans for Argon Gas Plant Setup Classified as Capital, Not Revenue Expenditure.

January 6, 2020

Case Laws Income Tax HC

Interest on borrowing for setting up of the Argon Gas Plan - revenue or capital expenditure - respondent had obtained a long term captive source of the raw material by purchase of right from Texmaco. However, at the same time the raw material was required to be won, gotten and brought to the surface and as such, cannot be said to be a stock in trade - Interest expenditure cannot be held as revenue in nature.

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Interest on borrowing for setting up of the Argon Gas Plan - ...

Interest on Loans for Argon Gas Plant Setup Classified as Capital, Not Revenue Expenditure.

January 6, 2020

Case Laws Income Tax HC

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