Nature of interest expenditure - revenue or capital - plant and ...

Income Tax

April 7, 2018

Nature of interest expenditure - revenue or capital - plant and machineries have been “put to use” during the year under consideration. Therefore, the expense incurred by assessee on account of LC charges and interest charges should be treated as revenue in nature - AT

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Nature of interest expenditure - revenue or capital - plant and ...

Income Tax

April 7, 2018

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