Expenditure incurred on obtaining a technical report - Power ...
Technical Report Costs for Coal Operations Classified as Revenue Expenditure, Boosting Efficiency in Existing Business Operations.
August 24, 2017
Case Laws Income Tax AT
Expenditure incurred on obtaining a technical report - Power grade coal is the existing business of the assessee. This means improvement in the coal beneficiation effects the day to day business of the assessee and improves the operations of the existing business. - Exepenses allowed as revenue expenditure.
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