Once the expenditure is found to be allowable as revenue ...

Expenditures allowed as revenue under Income Tax Act, 1961, must be treated consistently in taxable income calculations.

April 14, 2016

Case Laws Income Tax AT

Once the expenditure is found to be allowable as revenue expenditure as per provisions of the Income Tax Act,1961, the same are to be allowed as revenue expenditure under the Act while computing income chargeable to tax even if the tax-payer has given different treatment in its books of accounts by capitalizing the same in its books of accounts instead of debiting it to the Profit and Loss Account - AT

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Once the expenditure is found to be allowable as revenue ...

Expenditures allowed as revenue under Income Tax Act, 1961, must be treated consistently in taxable income calculations.

April 14, 2016

Case Laws Income Tax AT

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