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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

The interest cannot be capitalized which was paid after the ...


High Court Rules Interest Post-Slump Sale as Revenue Expense, Not Capitalized, While Factory is Operational.

October 16, 2014

Case Laws     Income Tax     HC

The interest cannot be capitalized which was paid after the slump sale was effected and the factory was in operation, and therefore, expenses were revenue in nature - HC

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