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Expenditure towards bank charges - revenue or capital - when did business is set up? - That eventuality cannot arise unless the business has actually been set up. Business was admittedly set up on 7th May 2006 when it started its business or may be on 6th May 2006 when it was ready for starting its business - HC

Income Tax - Expenditure towards bank charges - revenue or capital - when did business is set up? - That eventuality cannot arise unless the business has actually been set up. Business was admittedly .....

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