The submission of revenue that the accounting treatment to be ...

Accounting Standards Matter for Income-Tax Act: Expenditure on Tools Considered Revenue Expenditure.

July 22, 2016

Case Laws Income Tax AT

The submission of revenue that the accounting treatment to be meted out to a transaction in accordance with the Accounting Standard has no relevance for the purposes of the Income-tax Act, 1961, is a submission which does not commend to us. Thus, expenditure on tools is to be allowed as revenue expenditure - AT

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The submission of revenue that the accounting treatment to be ...

Accounting Standards Matter for Income-Tax Act: Expenditure on Tools Considered Revenue Expenditure.

July 22, 2016

Case Laws Income Tax AT

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