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Income Tax - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Expenditure on Land Acquisition for Border Out Posts (BOPs) - ...


Land Acquisition Costs for Border Out Posts Not Capital Expenditure, Says Ministry of Home Affairs.

December 23, 2022

Case Laws     Income Tax     AT

Expenditure on Land Acquisition for Border Out Posts (BOPs) - Expenditure as a part of project cost during the course of business - the expenditure done on behalf of MHA (GoI) as project cost was not asset creation in the name of the assessee company, and cannot be treated of capital nature - AT

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