https://www.taxtmi.com/caselaws?id=155007 The Tribunal upheld the decision to allow pre-production expenses of Rs. 27,05,401 as revenue expenditure, rejecting the Revenue's argument that they should be treated as capital expenditure. The Tribunal emphasized the interconnected nature of the new product with the existing business, in line with precedents from the jurisdictional High Court. The dismissal of a Special Leave Petition by the apex court against the High Court's decision further supported the validity of treating the expenses as revenue expenditure. en-us Fri, 08 Jul 2011 00:00:00 +0530 Mon, 21 Aug 2023 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155007 The Tribunal upheld the decision to allow pre-production expenses of Rs. 27,05,401 as revenue expenditure, rejecting the Revenue's argument that they should be treated as capital expenditure. The Tribunal emphasized the interconnected nature of the new product with the existing business, in line with precedents from the jurisdictional High Court. The dismissal of a Special Leave Petition by the apex court against the High Court's decision further supported the validity of treating the expenses as revenue expenditure. Case-Laws Income Tax Fri, 08 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155007