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Income Tax - Highlights / Catch Notes

Home Highlights July 2021 Year 2021 This

Nature of expenditure - new dyes expenditure claims - The dies ...


New Project-Specific Dyes Classified as Revenue Expenditure, Not Capital Spending.

July 21, 2021

Case Laws     Income Tax     AT

Nature of expenditure - new dyes expenditure claims - The dies are made as per project wise or the product wise and keeps changing for the other project - such dyes come under revenue head of expenditure than capital only. - AT

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