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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Expenditure incurred for giving new look to the channel Aaj Tak ...

Income Tax

August 19, 2019

Expenditure incurred for giving new look to the channel Aaj Tak - no doubt some enduring benefit will accrue to the assessee but giving a fresh look to the existing logo, no new asset was created and there was no addition to or expansion of the profit making apparatus of the assessee - it is a routine expenditure allowable as revenue expenditure

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