Drilling operations being the very business of the assessee, ...

High Court Clarifies: Drilling Rig Operational Costs are Revenue Expenditure; Acquisition is Capital Expenditure.

October 3, 2014

Case Laws Income Tax HC

Drilling operations being the very business of the assessee, expenditure incurred to make the rig operational would be covered and should be treated as “revenue expenditure”, whereas the cost of the rig would fall and should be treated as a “capital expenditure” - HC

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Drilling operations being the very business of the assessee, ...

High Court Clarifies: Drilling Rig Operational Costs are Revenue Expenditure; Acquisition is Capital Expenditure.

October 3, 2014

Case Laws Income Tax HC

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