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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Merely because the receipt for demolition expenses for ...


Demolition costs for illegal structures are business expenses, even if billed to the architect, say tax authorities.

June 15, 2016

Case Laws     Income Tax     AT

Merely because the receipt for demolition expenses for demolishing the illegal structure on the same piece of land is in the name of the architect, the same cannot be held to be non-business expenses and disallowed by the Revenue - AT

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