Business Loss from Asset Write-Offs Considered Revenue Cost, Not Capital Cost, for Tax Purposes.

Business Loss from Asset Write-Offs Considered Revenue Cost, Not Capital Cost, for Tax Purposes. https://www.taxtmi.com/highlights?id=13793 Writing off the assets - expenditure were needed to be spent by the assessee for the purpose of carrying on its business and are incidental to the business, therefore, any loss shall have to be considered as the revenue cost and not the capital cost - HC en-us Fri, 09 Aug 2013 08:04:02 +0530 Fri, 09 Aug 2013 08:04:02 +0530 TaxTMI RSS Generator Business Loss from Asset Write-Offs Considered Revenue Cost, Not Capital Cost, for Tax Purposes. https://www.taxtmi.com/highlights?id=13793 Writing off the assets - expenditure were needed to be spent by the assessee for the purpose of carrying on its business and are incidental to the business, therefore, any loss shall have to be considered as the revenue cost and not the capital cost - HC Highlights Income Tax Fri, 09 Aug 2013 08:04:02 +0530 https://www.taxtmi.com/highlights?id=13793