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Repair expenditure is not capital expenditure merely because it increases the life of an existing asset
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Corporate Tax
Repair expenditure is not capital expenditure merely because it increases the life of an existing asset
Posted on
on
August 29, 2013
Tenet Tax Daily August 29 2013
By
tenettax-team
Corporate Tax
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AO is supposed to be mentor of assessee
Interest paid to prospective buyers on cancellation of plot bookings is allowable as revenue expenditure
