Encashment of bank guarantee as performance security in BoT Project was revenue expenditure – ITAT
October 12, 2018
High Courts, Income Tax
Encashment of bank guarantee as performance security in BoT Project was revenue expenditure. If property constructed not owned by the assessee, expenditure incurred would not be capital – ITATĀ ABCAUS Case Law Citation: ABCAUS 2571 (2018) (10) HC Important Case Laws Cited/relied upon by the parties: CIT versus …