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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Expenditure incurred on oil solvent extraction plant - whether ...


Oil Solvent Extraction Plant Costs Questioned: Production Not Started, Revenue Authorities Misclassified Semi-Finished Stock as Capital Expenditure.

October 27, 2015

Case Laws     Income Tax     AT

Expenditure incurred on oil solvent extraction plant - whether as the production had not commenced and therefore, it is in the nature of capital expenditure - Revenue has erred in treating the semi finished stock of the assessee as capital expenditure. - AT

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