https://www.taxtmi.com/highlights?id=17164 Loss on fire - The loss of capital asset would be a capital expenditure - expenditure in restoring the asset/s destroyed to its normative working condition minus insurance claim are revenue in nature - AT en-us Sat, 08 Feb 2014 12:14:18 +0530 Sat, 08 Feb 2014 12:14:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=17164 Loss on fire - The loss of capital asset would be a capital expenditure - expenditure in restoring the asset/s destroyed to its normative working condition minus insurance claim are revenue in nature - AT Highlights Income Tax Sat, 08 Feb 2014 12:14:18 +0530 https://www.taxtmi.com/highlights?id=17164