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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Nature of Expenditure - revenue or capital - Weight of other ...

Case Laws     Income Tax

June 12, 2018

Nature of Expenditure - revenue or capital - Weight of other business considerations, the test of enduring benefit might even break down - the expenditure incurred on laying of the water pipeline involving the land owned by Maharashtra Government constitutes Revenue expenditure.

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