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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Revenue or Capital expenditure - Nature of loss in the hands of ...


Classifying Expenditure: Focus on Payer's Perspective, Not Payee's Loss, Affects Tax Treatment in Income Tax Context.

August 4, 2012

Case Laws     Income Tax     AT

Revenue or Capital expenditure - Nature of loss in the hands of the payee would be of little consequence in determining the nature of the expenditure in the hands of the payer/person incurring the expenditure - AT

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