https://www.taxtmi.com/caselaws?id=205255 The Tribunal upheld the decisions of the ld. CIT(A) in allowing the deduction claimed for expenses related to exploration and production of oil and gases as revenue expenditure. The Tribunal also upheld the allowance of depreciation to the assessee, based on previous Tribunal orders. The revenue's appeal challenging these decisions was dismissed by the Tribunal. en-us Fri, 22 Oct 2010 00:00:00 +0530 Thu, 11 Aug 2011 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205255 The Tribunal upheld the decisions of the ld. CIT(A) in allowing the deduction claimed for expenses related to exploration and production of oil and gases as revenue expenditure. The Tribunal also upheld the allowance of depreciation to the assessee, based on previous Tribunal orders. The revenue's appeal challenging these decisions was dismissed by the Tribunal. Case-Laws Income Tax Fri, 22 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205255