Treatment of expenditure - Revenue or capital expenditure - A ...

Expenditure on Failed Acquisitions Allowable as Revenue Expense: No Capital Asset, No Enduring Benefit to Assessee.

June 24, 2020

Case Laws Income Tax AT

Treatment of expenditure - Revenue or capital expenditure - A sum as represent expenditure incurred in respect of acquisitions which never materialised and hence, squarely allowable as revenue expenditure in as much as no capital asset came into existence of the assessee which would derive enduring benefit of the assessee.

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Treatment of expenditure - Revenue or capital expenditure - A ...

Expenditure on Failed Acquisitions Allowable as Revenue Expense: No Capital Asset, No Enduring Benefit to Assessee.

June 24, 2020

Case Laws Income Tax AT

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