https://www.taxtmi.com/caselaws?id=203939 The Tribunal concluded that the designing charges for upgrading and improving existing products in the telecom equipment manufacturing business were classified as revenue expenditure, as they were deemed necessary for keeping up with technological advancements and did not result in acquiring a new asset. As a result, the appeal of the Assessee was allowed, and the designing charges were classified as revenue expenditure. en-us Fri, 08 Oct 2010 00:00:00 +0530 Sat, 01 Jun 2013 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203939 The Tribunal concluded that the designing charges for upgrading and improving existing products in the telecom equipment manufacturing business were classified as revenue expenditure, as they were deemed necessary for keeping up with technological advancements and did not result in acquiring a new asset. As a result, the appeal of the Assessee was allowed, and the designing charges were classified as revenue expenditure. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203939