The Karnataka High Court while upholding the order of the tribunal held that asset was brought into existence for the enduring benefit of the business and therefore, the same has to be treated as capital expenditure and not revenue expenditure. The assessee, M/s Bioplus Life Sciences Pvt. Ltd had started a new Unit at Hosur […]
from Taxscan | Simplifying Tax Laws https://ift.tt/3hZ8Zyk
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