Tuesday, July 9, 2019

Exp. incurred by Cable Networking co. for acquisition of Set Top Boxes is capital-in-nature

INCOME TAX: Expenditure incurred by assessee, a signals distribution and cable networking company, for acquisition of Set Top Boxes (STB) generated permanent source of income for assessee by way of annual service maintenance charges and was therefore a capital expenditure

from www.taxmann.com Latest Case Laws https://ift.tt/2JoUQvy
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...