Capital expenditure or revenue expenditure - The ‘loaner’ sets ...

Income Tax

April 6, 2017

Capital expenditure or revenue expenditure - The ‘loaner’ sets have been found to have average life of 36 months. In such circumstances, merely because the assessee has amortized the expenditure, it does not warrant the conclusion that such expenditure is capital expenditure. - AT

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Capital expenditure or revenue expenditure - The ‘loaner’ sets ...

Income Tax

April 6, 2017

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