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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Expenditure incurred on play ground - leasehold land - One day, ...


Playground Costs on Leasehold Land Considered Revenue Expenditure for Tax Purposes, Not Capital Investment.

May 18, 2013

Case Laws     Income Tax     AT

Expenditure incurred on play ground - leasehold land - One day, the leased land has to go back to the MHADA. - the expenditure constitutes revenue expenditure - AT

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