https://www.taxtmi.com/highlights?id=50028 Allowable business expenses/loss - compensation expenses attributable to unsold part of land - There is no concept of deferred revenue expenditure in tax laws. If the expenditure incurred is revenue in nature the same has to be allowed as expenditure/loss and the same is not to be allocated over some years. en-us Mon, 04 Nov 2019 06:57:13 +0530 Mon, 04 Nov 2019 06:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50028 Allowable business expenses/loss - compensation expenses attributable to unsold part of land - There is no concept of deferred revenue expenditure in tax laws. If the expenditure incurred is revenue in nature the same has to be allowed as expenditure/loss and the same is not to be allocated over some years. Highlights Income Tax Mon, 04 Nov 2019 06:57:13 +0530 https://www.taxtmi.com/highlights?id=50028