https://www.taxtmi.com/caselaws?id=209782 The Tribunal upheld the disallowance of training expenses incurred before the commencement of production, citing that pre-operative expenses cannot be considered as revenue expenditure for the assessment year. The alternative contention for capitalization and depreciation was partially accepted, with the Tribunal directing the AO to re-examine and determine the appropriate amount for capitalization and depreciation. The claim regarding compliance with TDS provisions for payments to foreign consultants was rejected, pending verification by the AO. The matter was remanded back to the AO for fresh examination, with the appeal partly allowed for statistical purposes. en-us Wed, 27 Apr 2011 00:00:00 +0530 Sat, 04 Feb 2012 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209782 The Tribunal upheld the disallowance of training expenses incurred before the commencement of production, citing that pre-operative expenses cannot be considered as revenue expenditure for the assessment year. The alternative contention for capitalization and depreciation was partially accepted, with the Tribunal directing the AO to re-examine and determine the appropriate amount for capitalization and depreciation. The claim regarding compliance with TDS provisions for payments to foreign consultants was rejected, pending verification by the AO. The matter was remanded back to the AO for fresh examination, with the appeal partly allowed for statistical purposes. Case-Laws Income Tax Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209782