Assessing Officer's Order Revised for Failing to Determine if Expenses Were Capital or Revenue, Protecting Revenue Interests.

Assessing Officer's Order Revised for Failing to Determine if Expenses Were Capital or Revenue, Protecting Revenue Interests. https://www.taxtmi.com/highlights?id=6461 Revision of orders prejudicial to revenue - There was a failure on the part of the AO to make such enquiry in order to ascertain the nature of the expenses whether capital or revenue, thus the order was erroneous and prejudicial to the interest of the Revenue - AT en-us Sat, 12 Jan 2013 20:40:37 +0530 Sat, 12 Jan 2013 20:40:37 +0530 TaxTMI RSS Generator Assessing Officer's Order Revised for Failing to Determine if Expenses Were Capital or Revenue, Protecting Revenue Interests. https://www.taxtmi.com/highlights?id=6461 Revision of orders prejudicial to revenue - There was a failure on the part of the AO to make such enquiry in order to ascertain the nature of the expenses whether capital or revenue, thus the order was erroneous and prejudicial to the interest of the Revenue - AT Highlights Income Tax Sat, 12 Jan 2013 20:40:37 +0530 https://www.taxtmi.com/highlights?id=6461