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TREATMENT OF EXPENDITURE ON MODERNISATION AND RATIONALISATION

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(Querist)
19 September 2007 I want to enquire that whether the expenses related to modernisation and rationalisation of building or machinery should be capitalised or should be fully allowable as in the same year.Give some details of cases in courts.
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Neeraj Kandoi

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Neeraj Kandoi (Querist)
19 September 2007 sir please give me the reply as early as possible.

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