Nature of expenditure - expenditure incurred by the assessee ...

Income Tax

January 2, 2018

Nature of expenditure - expenditure incurred by the assessee towards technology upgradation charges which requires frequent replacement due to rapid change in technology and constant need for upgradation would only be revenue in nature - AT

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Nature of expenditure - expenditure incurred by the assessee ...

Income Tax

January 2, 2018

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Interest subsidy received under the Technology Upgradation Fund Scheme – utilized for repayment of loans taken by the assessee to set up the new unit - held as capital...

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Disallowing of Peak load violation charges paid to PSEB - nature of expenditure - assessee failed to prove that the claim was not penal in nature - expenditure was...

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