https://www.taxtmi.com/caselaws?id=151819 The Tribunal upheld the payment to Nelco as capital expenditure, citing enduring benefits. It allowed the foreign exchange loss deduction, disagreeing with the AO and CIT(A). The Tribunal considered the new office expenses as revenue expenditure, contrary to the capital treatment by the AO and CIT(A). The appeal was partly allowed, with the Tribunal's decision differing on the nature of the expenditures. en-us Thu, 27 Oct 2005 00:00:00 +0530 Tue, 27 Sep 2016 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151819 The Tribunal upheld the payment to Nelco as capital expenditure, citing enduring benefits. It allowed the foreign exchange loss deduction, disagreeing with the AO and CIT(A). The Tribunal considered the new office expenses as revenue expenditure, contrary to the capital treatment by the AO and CIT(A). The appeal was partly allowed, with the Tribunal's decision differing on the nature of the expenditures. Case-Laws Income Tax Thu, 27 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151819