Nature of expenses - video shooting expenses claimed by the ...

Assessee's Video Shooting Costs as Revenue Expenditure Shouldn't Be Disallowed Based on Balance Sheet Treatment.

August 3, 2023

Case Laws Income Tax AT

Nature of expenses - video shooting expenses claimed by the assessee as revenue expenditure in the computation of income but capitalized into the books of accounts and shown in the balance sheet - The video shooting expenditure does not give any enduring benefit to the assessee. - Claim cannot be disallowed mere on the basis of treatment in the Balance Sheet - AT

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Nature of expenses - video shooting expenses claimed by the ...

Assessee's Video Shooting Costs as Revenue Expenditure Shouldn't Be Disallowed Based on Balance Sheet Treatment.

August 3, 2023

Case Laws Income Tax AT

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