https://www.taxtmi.com/highlights?id=38788 Nature of interest expenditure - revenue or capital - plant and machineries have been “put to use” during the year under consideration. Therefore, the expense incurred by assessee on account of LC charges and interest charges should be treated as revenue in nature - AT en-us Sat, 07 Apr 2018 07:57:48 +0530 Sat, 07 Apr 2018 07:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38788 Nature of interest expenditure - revenue or capital - plant and machineries have been “put to use” during the year under consideration. Therefore, the expense incurred by assessee on account of LC charges and interest charges should be treated as revenue in nature - AT Highlights Income Tax Sat, 07 Apr 2018 07:57:48 +0530 https://www.taxtmi.com/highlights?id=38788