Monday, October 29, 2018

Expenditure incurred to Repair or Renovate existing Make-up Rooms are Revenue in Nature: ITAT

A Division Bench of the Mumbai Income Tax Appellate Tribunal (ITAT) in M/s. Maharashtra Film Stage Cultural Development Corporation Ltd. Versus Jt. CIT held that expenditure incurred to repair or renovate existing make-up rooms are revenue in nature. The sole issue related with the disallowance of certain amount where assessee claimed the same as revenue […]

The post Expenditure incurred to Repair or Renovate existing Make-up Rooms are Revenue in Nature: ITAT appeared first on Taxscan | Simplifying Tax Laws.



from Taxscan | Simplifying Tax Laws https://ift.tt/2SsOqOe

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