Hoarding Construction Charges Classified as Revenue Expenses Due to Recurring Nature, Not Capital Expenses Under Tax Law.

Hoarding Construction Charges Classified as Revenue Expenses Due to Recurring Nature, Not Capital Expenses Under Tax Law. https://www.taxtmi.com/highlights?id=47714 Disallowing hoarding construction charges - huge expenses - long term utility - such expenditure is a recurring expenditure which is required to be incurred by the assessee regularly and the same therefore cannot be said to have given any enduring benefit to the assessee in capital field - allowed as revenue expenses en-us Fri, 05 Jul 2019 06:36:17 +0530 Fri, 05 Jul 2019 06:35:38 +0530 TaxTMI RSS Generator Hoarding Construction Charges Classified as Revenue Expenses Due to Recurring Nature, Not Capital Expenses Under Tax Law. https://www.taxtmi.com/highlights?id=47714 Disallowing hoarding construction charges - huge expenses - long term utility - such expenditure is a recurring expenditure which is required to be incurred by the assessee regularly and the same therefore cannot be said to have given any enduring benefit to the assessee in capital field - allowed as revenue expenses Highlights Income Tax Fri, 05 Jul 2019 06:36:17 +0530 https://www.taxtmi.com/highlights?id=47714