https://www.taxtmi.com/highlights?id=33699 Expenditure incurred for re- possession of the club - capital or revenue in nature - when as per the JDA, the ownership is vested in the assessee and the plot owners have no right in the assets of the club, it cannot be said that creating the asset of the club is a revenue expenditure - AT en-us Sat, 11 Mar 2017 07:35:10 +0530 Sat, 11 Mar 2017 07:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=33699 Expenditure incurred for re- possession of the club - capital or revenue in nature - when as per the JDA, the ownership is vested in the assessee and the plot owners have no right in the assets of the club, it cannot be said that creating the asset of the club is a revenue expenditure - AT Highlights Income Tax Sat, 11 Mar 2017 07:35:10 +0530 https://www.taxtmi.com/highlights?id=33699