Revenue expenditure or capital expenditure - mere increase in ...

Income Tax

May 19, 2015

Revenue expenditure or capital expenditure - mere increase in the room size due to inclusion of balcony area would not result in creation of any new asset or increased profit yielding capacity so as to render the expenditure capital in nature. - AT

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Revenue expenditure or capital expenditure - mere increase in ...

Income Tax

May 19, 2015

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