https://www.taxtmi.com/caselaws?id=203062 HC held that payments for feasibility reports for two proposed expansions of the existing business were revenue, not capital, expenditure. The studies related to the same business with common administration and funds and were abandoned without creating any new asset, so the AO's basis for treating the outlay as capital was incorrect. The decision was rendered against the Revenue and the appeal was dismissed. en-us Mon, 24 Aug 2009 00:00:00 +0530 Wed, 03 Sep 2025 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203062 HC held that payments for feasibility reports for two proposed expansions of the existing business were revenue, not capital, expenditure. The studies related to the same business with common administration and funds and were abandoned without creating any new asset, so the AO's basis for treating the outlay as capital was incorrect. The decision was rendered against the Revenue and the appeal was dismissed. Case-Laws Income Tax Mon, 24 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203062