Nature of expenses - Expenditure on fencing on compound wall - ...

Income Tax

July 14, 2023

Nature of expenses - Expenditure on fencing on compound wall - capital or revenue expenses - This fencing done on the boundary wall is open to the perils of nature and definitely does not have a permanent enduring effect and, therefore, cannot be termed as a capital expenditure. - Additions directed to be deleted - AT

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Nature of expenses - Expenditure on fencing on compound wall - ...

Income Tax

July 14, 2023

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