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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Nature of expenses - river diversion expense and HT line ...


Appellant's River Diversion and Line Shifting Costs Classified as Revenue Expenditures, Allowable for Tax Deduction.

July 31, 2020

Case Laws     Income Tax     AT

Nature of expenses - river diversion expense and HT line shifting expense - It became necessary for the appellant to shift the same for mining operation; similarly river diversion was also necessary to undertake the mining activities - Allowed as revenue expenditure - AT

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