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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

The machinery given to doctors for demonstration purposes is ...


High Court Rules Demonstration Machinery for Doctors as Revenue Expenditure, Not Capital Asset, in Promotional Activities.

August 7, 2014

Case Laws     Income Tax     HC

The machinery given to doctors for demonstration purposes is also a part of promoting sale of the said machinery - held as revenue expenditure and not capital asset - HC

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