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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Revenue or capital expenditure - the replacement of GC sheets ...

Income Tax

November 28, 2011

Revenue or capital expenditure - the replacement of GC sheets and aluminium sheets is not to bring into existence any new asset or new advantage to the assessee - the expenditure has to be treated as expenditure for current repairs.... - AT

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