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Income Tax - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Nature of expenditure - manufacturing and administrative ...


Court Rules Manufacturing and Administrative Expenses During Product Development Are Not Revenue Expenditure.

August 29, 2020

Case Laws     Income Tax     HC

Nature of expenditure - manufacturing and administrative expenses incurred by the appellant for development of a product in the course of its manufacturing activity which was already carried on - Same cannot be treated as revenue expenditure. - HC

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