Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Nature of expenditure - revenue or capital expenditure - legal expenses in connection with structuring of the transaction - merely because the transaction in question is a capital asset, the legal expenses incurred for the same will not ipso facto become capital expenditure - HC
Nature of expenditure - revenue or capital expenditure - legal expenses in connection with structuring of the transaction - merely because the transaction in question is a capital asset, the legal expenses incurred for the same will not ipso facto become capital expenditure - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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