i would like to get citations of a few case laws where it has been stated that when an expenditure has been made incurred for the purpose of setting up a new project but since the project was not started, the expenditure will qualify as a revenue expenditure.
Menu
Capital- revenue case laws
Replies (2)
More Facts are required :
a) What sort of a project are you referring to ie., are you referring to capital expenditure as "Projects" ?
b) Nature of business that the company is engaged in.. this is critical to identify the nature of expenditure.
c) From when the project has been put on hold ie., depending on (a) is this a longer item in CWIP ?
| Originally posted by : Uday | ||
 |
no the project of setting up a business unit the company is engaged i letting and sub letting places for IT sector the project has been banned via a notification from Govt of India. |
 |
Recent Topic
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
Related Topics
CAclubindia
