Revenue or capital expenditure - The expenditure incurred by ...

Income Tax

February 21, 2020

Revenue or capital expenditure - The expenditure incurred by assessee such as painting of the hotel, replacement of floor tiles, glazing works etc. are nothing but periodical expenditure which a hotel has to necessarily incur for its upkeep and cannot be termed as capital expenditure. - AT

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Revenue or capital expenditure - The expenditure incurred by ...

Income Tax

February 21, 2020

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