Allowability of Business Expenditure
Last updated: 02 February 2009
Court :
Supreme Court
Brief :
Business expenditure — If income from an activity is assessed as an income, expenditure incurred in respect of that activity should be allowed.
Citation :
Kerala Road Lines v. CIT (2008) 299 ITR 343 (SC)]
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CA.Tarun Maheshwari
Published in Income Tax
Views : 2202
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