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Preoperative exp. incurred to expand existing business was revenue exp.
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Corporate Tax
Preoperative exp. incurred to expand existing business was revenue exp.
Posted on
on
August 7, 2015
Tenet Tax Daily August 05 2015
By
tenettax-team
Corporate Tax
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No denial of sec. 80-IC relief due to non-maintenance of separate books for manufacturing carried on job work basis
Cap gain of inherited asset is to be computed by taking CII of the year in which asset is acquired by previous owner
