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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Expenditure incurred on renovation of showroom was not incurred ...


Showroom Renovation Costs Deemed Revenue, Not Capital Outlay, Affecting Financial Classification.

September 11, 2016

Case Laws     Income Tax     AT

Expenditure incurred on renovation of showroom was not incurred on any capital outlay. Therefore, the expenditure is revenue in nature. - AT

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