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Income Tax - Highlights / Catch Notes

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Expenditure on construction of house of labourer - revenue v/s ...

Income Tax

February 24, 2016

Expenditure on construction of house of labourer - revenue v/s capital expenditure - when the structure does not vest in the assessee and it has to pay monthly rent thereof to the Government, the expenditure incurred by the assessee thereon has been rightly treated as a revenue expenditure - HC

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