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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Capital expenditure - Disallowance of Expenditure on machines - ...

Income Tax

August 10, 2013

Capital expenditure - Disallowance of Expenditure on machines - Spare part or machine itself - No material has been brought to show by the revenue that the TUP is not a spare part - AT

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  4. Valuation - For authorized service stations, the cost of the spare parts and cost of handling of spare parts are not to be included in the value of the services rendered - AT

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  6. Disallowance of non-compete fees - Capital or revenue expenditure - expenditure has to be disallowed as capital expenditure - however depreciation to be allowed - AT

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  10. SCOMET Export permission for ‘Stock & Sale' purposes and for export of spare parts - Public Notice

 

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