Tax- capital or revenue
This query is : Resolved
29 September 2012
Govt, closed operations. After a few years, court allowed to restart on some conditions. Is the cost of carrying such conditions- capital or revenue?
KINDLY ALSO PROVIDE CASE LAW.
KINDLY ALSO PROVIDE CASE LAW.
01 October 2012
Apparently seems to be capital expenditure but same need to be evaluated in light of full information, can't answer in such short question.
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