Wednesday, February 18, 2015

[aaykarbhavan] Sum paid by power generating Co. to erect transmission lines for sake of its customer was revenue exp.



Sum paid by power generating Co. to erect transmission lines for sake of its customer was revenue exp.

February 18, 2015[2015] 54 taxmann.com 158 (Allahabad)/[2015] 370 ITR 194 (Allahabad)/[2015] 273 CTR 90 (Allahabad)
IT : Borrowed fund being utilised for earning assessable income, no interest was to be disallowed
IT : Payment made by power generating company to its sole customer for erecting transmission line which become customer's property, is revenue expenditure
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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