High Court Affirms Rs. 6.01 Crores Payment to MP Electricity Board as Revenue Expenditure Under Income Tax Act.

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....Allowability of expenditure as revenue or capital - expenditure of Rs. 6.01 crores as amount paid to Madhya Pradesh Electricity Board (MEPB) for the line/bay charges - This expenditure has been rightly claimed by the assessee as per the provisions of the Income Tax Act. - HC....