TMI BlogNature of expenditure - expenditure on design charges for T3 Airport construction - There was no...Nature of expenditure - expenditure on design charges for T3 Airport construction - There was no enlargement of the permanent structure of which the income would be the produce or fruit. When dealing with cases where the question is whether expenditure incurred by an assesses is capital or revenue expenditure, the question must be viewed in the larger context of business necessity or expediency. If the outgoing expenditure is so related to the carrying on or the conduct of the business that it m..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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