Saturday, November 20, 2021

Sum incurred to run business smoothly, and not to bring new asset into existence, is a revenue exp.: HC

INCOME TAX : Where an expenditure is incurred for doing business in a more convenient and profitable manner and has not resulted in bringing any new asset into existence, such expenditure is allowable as business expenditure

from www.taxmann.com Latest Case Laws https://ift.tt/30Ogo03
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