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Income Tax - Highlights / Catch Notes

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Allowability of expenditure as revenue or capital - expenditure ...

Income Tax

June 7, 2023

Allowability of expenditure as revenue or capital - expenditure of Rs. 6.01 crores as amount paid to Madhya Pradesh Electricity Board (MEPB) for the line/bay charges - This expenditure has been rightly claimed by the assessee as per the provisions of the Income Tax Act. - HC

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