Deferred Revenue Expenditure Not Covered u/s 37; Must Be Allowed in Same Year Unless Amortized by Specific Sections.

Deferred Revenue Expenditure Not Covered u/s 37; Must Be Allowed in Same Year Unless Amortized by Specific Sections. https://www.taxtmi.com/highlights?id=27434 Expenses allowable as revenue expenditure u/s 37 - there is no concept of deferred revenue expenditure in the Act except under certain specified sections where amortisation is specifically provided. Normally, the ordinary rule would be that the revenue expenditure incurred in a particular year is to be allowed in that year - HC en-us Mon, 22 Feb 2016 20:45:55 +0530 Mon, 22 Feb 2016 20:45:55 +0530 TaxTMI RSS Generator Deferred Revenue Expenditure Not Covered u/s 37; Must Be Allowed in Same Year Unless Amortized by Specific Sections. https://www.taxtmi.com/highlights?id=27434 Expenses allowable as revenue expenditure u/s 37 - there is no concept of deferred revenue expenditure in the Act except under certain specified sections where amortisation is specifically provided. Normally, the ordinary rule would be that the revenue expenditure incurred in a particular year is to be allowed in that year - HC Highlights Income Tax Mon, 22 Feb 2016 20:45:55 +0530 https://www.taxtmi.com/highlights?id=27434