https://www.taxtmi.com/caselaws?id=151708 The Tribunal partly allowed the appeal, ruling that the expenditure on the transfer of a customer database and human skills should be treated as revenue expenditure, except for the portion related to credit for past services rendered by transferred employees. Additionally, the Tribunal reversed the Commissioner of Income-tax (Appeals)'s decision regarding the disallowance of a loss on account of exchange fluctuation, allowing it as a revenue expenditure. The Tribunal emphasized consistency in accounting practices and relied on precedents to support its conclusions. en-us Fri, 04 May 2007 00:00:00 +0530 Wed, 24 Jan 2024 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151708 The Tribunal partly allowed the appeal, ruling that the expenditure on the transfer of a customer database and human skills should be treated as revenue expenditure, except for the portion related to credit for past services rendered by transferred employees. Additionally, the Tribunal reversed the Commissioner of Income-tax (Appeals)'s decision regarding the disallowance of a loss on account of exchange fluctuation, allowing it as a revenue expenditure. The Tribunal emphasized consistency in accounting practices and relied on precedents to support its conclusions. Case-Laws Income Tax Fri, 04 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151708