TMI BlogOnce the objective of the expenditure being improvement in business prospects is accepted, then it has...Once the objective of the expenditure being improvement in business prospects is accepted, then it has to follow that such an enduring benefit is in the revenue field. If the benefit, though long term is in the revenue field, then the corresponding expenditure which has resulted in such benefit is liable to be considered revenue in nature - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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