Revenue Vs Capital Expenditure & Depreciation on Capital Expenditure: The argument continues

Vivek Jalanpro badge , Last updated: 20 September 2023  
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By terminating the services of a vendor, an assessee may intend to save the expense that it would have had to incur in the relevant previous year as well as for few more years going ahead. However, it cannot be said that this saving is an enduring benefit or has resulted in creating an asset. Thus,

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Vivek Jalan
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Category Income Tax   Report

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