Lump Sum for Infrastructure Deemed Revenue Expenditure u/s 37(1) of Income Tax Act: Tribunal's Decision Explained.

Lump Sum for Infrastructure Deemed Revenue Expenditure u/s 37(1) of Income Tax Act: Tribunal's Decision Explained. https://www.taxtmi.com/highlights?id=55411 Lump sum payment for development of infrastructure for uninterrupted power supply - revenue expenditure u/s 37(1) - The instant case, though the assessee has parted with substantial funds to M/s.Ford India Private Limited, the capital asset continued to remain the property of M/s.Ford India Private Limited. - Tribunal rightly examined the nature of transaction and held that expenditure to be in the Revenue field - HC en-us Thu, 05 Nov 2020 16:42:02 +0530 Thu, 05 Nov 2020 16:42:02 +0530 TaxTMI RSS Generator Lump Sum for Infrastructure Deemed Revenue Expenditure u/s 37(1) of Income Tax Act: Tribunal's Decision Explained. https://www.taxtmi.com/highlights?id=55411 Lump sum payment for development of infrastructure for uninterrupted power supply - revenue expenditure u/s 37(1) - The instant case, though the assessee has parted with substantial funds to M/s.Ford India Private Limited, the capital asset continued to remain the property of M/s.Ford India Private Limited. - Tribunal rightly examined the nature of transaction and held that expenditure to be in the Revenue field - HC Highlights Income Tax Thu, 05 Nov 2020 16:42:02 +0530 https://www.taxtmi.com/highlights?id=55411