Case law on revenue expenditure
This query is : Resolved
15 January 2014
I require any case law to the effect that Registration Fee and Road Tax paid for new truck to be used in transport business by a transport firm are revenue expense.
RKGoel
RKGoel
16 January 2014
Dear Goel Sahab.
you need to capitalize these expenses. if you claim as revenue expenditure, AO would disallow and only provide depreciation.
you need to capitalize these expenses. if you claim as revenue expenditure, AO would disallow and only provide depreciation.
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