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    Trade discount characterisation prevails over tax statement labels when invoice reconciliation establishes the receipts' true nature.
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Nature of expenses – even if the substantial amount is spent on r...

Repairs and renovations on rented office premises are revenue expenses, not capital assets for taxpayers.

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Income Tax June 7, 2014 Case Laws AT
Nature of expenses – even if the substantial amount is spent on repairs and renovation of office premises taken on rent, it is to be allowed as revenue expenditure because no capital asset is acquired by the assessee - AT

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Acts Income Tax