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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Writing off the assets - expenditure were needed to be spent by ...

Income Tax

August 9, 2013

Writing off the assets - expenditure were needed to be spent by the assessee for the purpose of carrying on its business and are incidental to the business, therefore, any loss shall have to be considered as the revenue cost and not the capital cost - HC

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