Capital expenditure vs Revenue expenditure - any expenditure on ...

Replacement or repair costs for plant and machinery are deductible as revenue expenditure if no lasting capital advantage is gained.

June 4, 2012

Case Laws Income Tax HC

Capital expenditure vs Revenue expenditure - any expenditure on replacement or repairs to plant and machinery which does not bring into existence any enduring or permanent advantage in the capital field is allowable as revenue expenditure. - HC

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Capital expenditure vs Revenue expenditure - any expenditure on ...

Replacement or repair costs for plant and machinery are deductible as revenue expenditure if no lasting capital advantage is gained.

June 4, 2012

Case Laws Income Tax HC

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