To solve the knotty issue of capital/revenue expenditure the aim ...

Focus on Aim and Object to Determine if Expenditure is Capital or Revenue, Not Its Amount or Book Entries.

March 20, 2018

Case Laws Income Tax AT

To solve the knotty issue of capital/revenue expenditure the aim and object of the expenditure is to be considered not the quantum. - entries made in the books of accounts do not decide the true nature of expenditure. - AT

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To solve the knotty issue of capital/revenue expenditure the aim ...

Focus on Aim and Object to Determine if Expenditure is Capital or Revenue, Not Its Amount or Book Entries.

March 20, 2018

Case Laws Income Tax AT

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