Composition fee paid for regularising deviation in a building structure is allowable as revenue exp.

INCOME TAX : Where assesse-company purchased fixed asset by taking foreign currency loan, foreign exchange loss on acquisition of fixed assets was to be adjusted against foreign exchange gain against capital work in progress and net amount of gain was to be offered to taxINCOME TAX : Where assesse-company purchased fixed asset by taking foreign currency loan, foreign exchange loss on acquisition of fixed assets was to be adjusted against foreign exchange gain against capital work in progress and net amount of gain was to be offered to taxwww.taxmann.com Latest Case LawsRead More

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