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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Addition on account of renovation and modernization of projects ...


Interest Costs Post-Renovation to be Treated as Revenue u/s 36(1)(iii) of Income Tax Act.

November 25, 2019

Case Laws     Income Tax     AT

Addition on account of renovation and modernization of projects - interest expenses incurred subsequent to completion of renovation of projects was to be treated as Revenue in nature as per section 36(l)(iii)

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