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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Expenditure incurred for re- possession of the club - capital or ...

Income Tax

March 11, 2017

Expenditure incurred for re- possession of the club - capital or revenue in nature - when as per the JDA, the ownership is vested in the assessee and the plot owners have no right in the assets of the club, it cannot be said that creating the asset of the club is a revenue expenditure - AT

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