Pub's Flooring, AC, Dishwasher, and AV Equipment Costs Classified as Revenue Expenses, Deductible Under Income Tax Act Section 37.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Nature of expenditure - expenditure for re-place of flooring and purchase of air conditioner, dish washing machine, and audio/video equipments in the pub etc. - Held as revenue expenditure allowable as deduction u/s 37.....