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Income Tax - Highlights / Catch Notes

Home Highlights June 2012 Year 2012 This

Entitlement under Rule 7A of ITR for deduction of expenditure ...

Case Laws     Income Tax

June 25, 2012

Entitlement under Rule 7A of ITR for deduction of expenditure incurred on replantation of rubber - Expenditure incurred for planting and development of the plantation up to maturity has to be necessarily capitalised and is not allowable as a revenue expenditure. - HC

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