Tax Authorities Must Exercise Discretion for Assessee's Benefit: Treatment of Deferred Revenue Expenses as Capital.

Tax Authorities Must Exercise Discretion for Assessee's Benefit: Treatment of Deferred Revenue Expenses as Capital. https://www.taxtmi.com/highlights?id=24755 Addition of Preliminary expenses written off as deferred revenue expenses - treating the expenses are of capital nature - An AO, as indeed any other authority in the IT Act, cannot turn to the assessee and say that although he has authority to do something for the good of the assessee, it is not necessary that he must exercise that authority. - AT en-us Wed, 16 Sep 2015 08:04:38 +0530 Wed, 16 Sep 2015 08:04:38 +0530 TaxTMI RSS Generator Tax Authorities Must Exercise Discretion for Assessee's Benefit: Treatment of Deferred Revenue Expenses as Capital. https://www.taxtmi.com/highlights?id=24755 Addition of Preliminary expenses written off as deferred revenue expenses - treating the expenses are of capital nature - An AO, as indeed any other authority in the IT Act, cannot turn to the assessee and say that although he has authority to do something for the good of the assessee, it is not necessary that he must exercise that authority. - AT Highlights Income Tax Wed, 16 Sep 2015 08:04:38 +0530 https://www.taxtmi.com/highlights?id=24755