Expenditure on improvement of existing business is revenue expense

Published: 14/11/2017
Expenditure on improvement of existing business is revenue expense
Source: TAXGURU.IN

Spectrum Coal & Power Ltd. Vs ACIT (ITAT Mumbai);  We noted that coal beneficiation has been defined as cost effective and significant step towards improving power plant efficiency and reducing the GHG emissions from the coal fired power plants in India would be to increase the availability of clean beneficiated coals using appropriate beneficiation technologies. […]

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