Relocation of Equipment Costs Classified as Revenue Expenditure, Allowable for Tax Deductions, Enhances Efficiency.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Expenditure on relocation of existing equipment - The relocation of the existing equipment by any stretch of imagination cannot result in creation of any new asset. At best it could have resulted in efficient running of the plant and machinery. - allowed as revenue expenditure.....