https://www.taxtmi.com/manuals?id=1290 Revenue expenditure, and not capital expenditure, incurred by a corporation or body corporate is allowable where the entity is constituted or established by a Central, State or Provincial Act, is notified by the Central Government where required, and the spending is for the objects and purposes authorised by the Act under which it is constituted. The deduction is confined to revenue outgoings incurred by a qualifying notified corporation or body corporate for authorised statutory purposes. en-us Thu, 29 Oct 2015 11:46:00 +0530 Tue, 28 Apr 2026 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1290 Revenue expenditure, and not capital expenditure, incurred by a corporation or body corporate is allowable where the entity is constituted or established by a Central, State or Provincial Act, is notified by the Central Government where required, and the spending is for the objects and purposes authorised by the Act under which it is constituted. The deduction is confined to revenue outgoings incurred by a qualifying notified corporation or body corporate for authorised statutory purposes. Manuals Income Tax Thu, 29 Oct 2015 11:46:00 +0530 https://www.taxtmi.com/manuals?id=1290