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

Income Tax

October 3, 2014

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, ...

Income Tax

October 3, 2014

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