https://www.taxtmi.com/highlights?id=34174 Capital expenditure or revenue expenditure - The ‘loaner’ sets have been found to have average life of 36 months. In such circumstances, merely because the assessee has amortized the expenditure, it does not warrant the conclusion that such expenditure is capital expenditure. - AT en-us Thu, 06 Apr 2017 09:19:31 +0530 Thu, 06 Apr 2017 09:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34174 Capital expenditure or revenue expenditure - The ‘loaner’ sets have been found to have average life of 36 months. In such circumstances, merely because the assessee has amortized the expenditure, it does not warrant the conclusion that such expenditure is capital expenditure. - AT Highlights Income Tax Thu, 06 Apr 2017 09:19:31 +0530 https://www.taxtmi.com/highlights?id=34174