https://www.taxtmi.com/highlights?id=53819 Treatment of expenditure - Revenue or capital expenditure - A sum as represent expenditure incurred in respect of acquisitions which never materialised and hence, squarely allowable as revenue expenditure in as much as no capital asset came into existence of the assessee which would derive enduring benefit of the assessee. en-us Wed, 24 Jun 2020 10:54:23 +0530 Wed, 24 Jun 2020 10:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53819 Treatment of expenditure - Revenue or capital expenditure - A sum as represent expenditure incurred in respect of acquisitions which never materialised and hence, squarely allowable as revenue expenditure in as much as no capital asset came into existence of the assessee which would derive enduring benefit of the assessee. Highlights Income Tax Wed, 24 Jun 2020 10:54:23 +0530 https://www.taxtmi.com/highlights?id=53819