COMMISSIONER OF INCOME-TAX versus MADRAS AUTO SERVICE (P.) LTD.
Capital or Revenue Expenditure General Principle Assisi has demolished leaseholder housing for nine years and new buildings that have been constructed by Essex at its expense belong to the new building leasehold but to the user. The review is very low rent but the Assisi did not acquire capital assets but only the money spent on a business benefit building was deducted as revenue expenditure, Indian Income Tax Act, 1961, section 37
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