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Case Law Details

Case Name : BGSE Financials Ltd. Vs DCIT (ITAT Banglore)
Related Assessment Year : 2013-14
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BGSE Financials Ltd. Vs DCIT (ITAT Banglore)

The issue under consideration is whether the sum of admission fees paid to stock exchange will be allowed as capital expenditure?

ITAT states that, ‘Capital expenditure’ is closely akin to the concept of securing something, whether tangible or intangible property, or corporeal or incorporeal rights, which confer lasting or enduring benefit to the enterprise. An expense made by a business to derive a long-ter

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