The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) in the case of M/s. Manipal Health Systems Pvt. Ltd. v. ACIT held that the expenditure incurred for the expansion of the existing business, should be treated as Revenue Expenditure. The present appeal has been filed by the appellant against the confirmation of disallowance made […]
The post Deduction allowable on Expenses towards Improvisation in Process and Technology which are Supplemental to Business: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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