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Income Tax - Highlights / Catch Notes

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Expenses written off - abandoned project - similar project was ...

Case Laws     Income Tax

January 24, 2023

Expenses written off - abandoned project - similar project was abandoned during the earlier year - those part of the expenditure incurred during the year which are identical to the earlier year, which have been written off by the assessee as abandoned cannot be allowed as revenue expenditure during the year. - AT

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