Nature of expenditure - Deduction on account of capital ...

High Court Affirms ITAT: Business Expenses for Convenience and Profit Without New Assets Are Deductible.

October 5, 2021

Case Laws Income Tax HC

Nature of expenditure - Deduction on account of capital work-in-progress written off in computation of its income - The ITAT’s view that if an expenditure is incurred for doing the business in a more convenient and profitable manner and has not resulted in bringing any new asset into existence, then, such expenditure is allowable business expenditure, is correct - HC

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Nature of expenditure - Deduction on account of capital ...

High Court Affirms ITAT: Business Expenses for Convenience and Profit Without New Assets Are Deductible.

October 5, 2021

Case Laws Income Tax HC

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