Exp. incurred by ‘Apollo Tyres’ to purchase equipments for its dealer’s showroom is capital expenditure: HC

INCOME TAX : Tribunal was correct in treating expenditure incurred by assessee, in showroom of its dealers for purpose of promoting sale of products of company as capital expenditure on ground that ownership of these assets was retained by assessee and these findings of fact recorded by Tribunal being based on record did not fall within scope of section 260AINCOME TAX : Tribunal was correct in treating expenditure incurred by assessee, in showroom of its dealers for purpose of promoting sale of products of company as capital expenditure on ground that ownership of these assets was retained by assessee and these findings of fact recorded by Tribunal being based on record did not fall within scope of section 260Awww.taxmann.com Latest Case LawsRead More

Leave a Reply