Nature of expenditure - Disallowing revenue expenditure on ...

Product Testing and Prototyping Costs Classified as Revenue Expenditure, Not Capital Investment.

May 26, 2022

Case Laws Income Tax AT

Nature of expenditure - Disallowing revenue expenditure on product testing prototyping and verification expenses - Expenditure was incurred only up-gradation of existing products, we are of the considered opinion that the expenditure is not in the nature of capital but revenue expenditure. - AT

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Nature of expenditure - Disallowing revenue expenditure on ...

Product Testing and Prototyping Costs Classified as Revenue Expenditure, Not Capital Investment.

May 26, 2022

Case Laws Income Tax AT

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