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 expenditureINCOME 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 expenditurewww.taxmann.com Latest Case LawsRead More

Leave a Reply