Loss on fire - The loss of capital asset would be a capital ...

Fire Damage to Capital Asset: Restoration Costs Beyond Insurance are Revenue Expenditures.

February 8, 2014

Case Laws Income Tax AT

Loss on fire - The loss of capital asset would be a capital expenditure - expenditure in restoring the asset/s destroyed to its normative working condition minus insurance claim are revenue in nature - AT

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Loss on fire - The loss of capital asset would be a capital ...

Fire Damage to Capital Asset: Restoration Costs Beyond Insurance are Revenue Expenditures.

February 8, 2014

Case Laws Income Tax AT

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