Court Rules Engineer Hiring Costs as Revenue Expenditure, Not Capital, Given Director's Expertise in Business Setup.

Court Rules Engineer Hiring Costs as Revenue Expenditure, Not Capital, Given Director's Expertise in Business Setup. https://www.taxtmi.com/highlights?id=3570 Capital or revenue expenditure - Commencement of business - There was no necessity to employ Engineers because the Director was competent to render advisory services for setting up the business. - AT en-us Tue, 01 May 2012 13:30:57 +0530 Tue, 01 May 2012 13:30:57 +0530 TaxTMI RSS Generator Court Rules Engineer Hiring Costs as Revenue Expenditure, Not Capital, Given Director's Expertise in Business Setup. https://www.taxtmi.com/highlights?id=3570 Capital or revenue expenditure - Commencement of business - There was no necessity to employ Engineers because the Director was competent to render advisory services for setting up the business. - AT Highlights Income Tax Tue, 01 May 2012 13:30:57 +0530 https://www.taxtmi.com/highlights?id=3570