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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Lump sum payment for development of infrastructure for ...

Case Laws     Income Tax

November 5, 2020

Lump sum payment for development of infrastructure for uninterrupted power supply - revenue expenditure u/s 37(1) - The instant case, though the assessee has parted with substantial funds to M/s.Ford India Private Limited, the capital asset continued to remain the property of M/s.Ford India Private Limited. - Tribunal rightly examined the nature of transaction and held that expenditure to be in the Revenue field - HC

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