Expenditure on Rubber Replantation Must Be Capitalized, Not Deducted as Revenue, per Income Tax Rule 7A.

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....Entitlement under Rule 7A of ITR for deduction of expenditure incurred on replantation of rubber - Expenditure incurred for planting and development of the plantation up to maturity has to be necessarily capitalised and is not allowable as a revenue expenditure. - HC....