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Income Tax - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

Current Repairs - capital v/s revenue - though each of the item ...


Court Clarifies Capital vs. Revenue Expenditure: Repairs and Maintenance Deemed Allowable as Revenue Expenditure.

January 30, 2013

Case Laws     Income Tax     HC

Current Repairs - capital v/s revenue - though each of the item is useable independently but that such items have been used for repair and maintenance. With such finding, the expenditure was allowed. - HC

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