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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Disallowance of project development expenses claimed by the ...


Taxpayer's Project Expenses u/s 37(1) Are Allowable When Incurred, Despite Dual Accounting Status.

October 17, 2015

Case Laws     Income Tax     AT

Disallowance of project development expenses claimed by the assessee as revenue expenditure u/s 37(1) - expenditure are allowable in the year under consideration irrespective of the fact that assessee has given dual status to such expenditure in its books of account vis-à-vis computation of income filed along with return - AT

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