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![Purchase of Sales Tax Exemption Certificate is Revenue Expenditure: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Purchase of Sales Tax Exemption Certificate is Revenue Expenditure: ITAT Mumbai [Read Order]")
Purchase of Sales Tax Exemption Certificate is Revenue Expenditure: ITAT Mumbai [Read Order]
In DCIT v. M/s. Orient Paper & Industries Ltd, the Mumbai ITAT held that the purchase of sales tax exemption certificates is a revenue expenditure...