https://www.taxtmi.com/caselaws?id=152709 The High Court of Madras dismissed the Revenue's appeal against the Income-tax Appellate Tribunal's decision, ruling that expenses on techno-economic feasibility reports and feasibility studies for new projects were revenue expenditure, not capital expenditure. The court emphasized that these expenses aimed at enhancing existing business operations, not for expanding the business. The court's decision was based on previous judgments and held that such expenses were general business expenses falling within section 35D, not capital expenditure for the year. en-us Tue, 21 Apr 2009 00:00:00 +0530 Tue, 09 Jul 2013 12:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152709 The High Court of Madras dismissed the Revenue's appeal against the Income-tax Appellate Tribunal's decision, ruling that expenses on techno-economic feasibility reports and feasibility studies for new projects were revenue expenditure, not capital expenditure. The court emphasized that these expenses aimed at enhancing existing business operations, not for expanding the business. The court's decision was based on previous judgments and held that such expenses were general business expenses falling within section 35D, not capital expenditure for the year. Case-Laws Income Tax Tue, 21 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152709