Wednesday, July 7, 2021

No need to capitalized exp. incurred on renovation of power transmission lines to claim deduction u/s 80-IA: HC

INCOME TAX : Where assessee power distribution company undertook substantial renovation and modernization of existing power distribution lines, there was no requirement of capitalization of said expenditure in books of account and to complete renovation in relevant previous year to claim deduction under section 80-IA(4)(iv)( c)

from www.taxmann.com Latest Case Laws https://ift.tt/3hms8wd
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