TMI BlogIf the expenditure is incurred for day-to-day business activities of the assessee and not for acquiring...If the expenditure is incurred for day-to-day business activities of the assessee and not for acquiring some asset it has to be allowed as revenue expenditure. - Mere payment to government agencies would not make any expenditure capital/revenue - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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