Mere circumstance that common funding of the (proposed) business ...

Joint Venture's Common Funding & Management Doesn't Qualify as "Existing Business" for Revenue Expenditure Classification.

September 20, 2012

Case Laws Income Tax HC

Mere circumstance that common funding of the (proposed) business existed, and there was a management which conceived the start of the new business activity, did not make the proposed joint venture business an “existing business” for the expenditure to qualify as revenue expenditure - HC

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Mere circumstance that common funding of the (proposed) business ...

Joint Venture's Common Funding & Management Doesn't Qualify as "Existing Business" for Revenue Expenditure Classification.

September 20, 2012

Case Laws Income Tax HC

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