Mere circumstance that common funding of the (proposed) business ...

Income Tax

September 20, 2012

Mere circumstance that common funding of the (proposed) business existed, and there was a management which conceived the start of the new business activity, did not make the proposed joint venture business an “existing business” for the expenditure to qualify as revenue expenditure - HC

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Mere circumstance that common funding of the (proposed) business ...

Income Tax

September 20, 2012

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