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Income Tax - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Expenditure incurred on lease hold property for improvements - ...

Income Tax

June 19, 2020

Expenditure incurred on lease hold property for improvements - revenue or capital expenditure - The assessee therefore, got the business advantage and therefore, the tribunal has rightly treated the expenses incurred as revenue expenditure incurred for improvement in leasehold property as revenue expenditure.

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