https://www.taxtmi.com/caselaws?id=213544 The Tribunal dismissed the Revenue's appeals, affirming the CIT(A)'s decisions on both issues. The overhead expenditure on construction was deemed revenue expenses as the expenses related to repairs and maintenance of existing assets, not creating new assets. The bad debts were considered properly written off and substantiated by the assessee, in line with the Income Tax Act provisions and judicial precedents. en-us Thu, 03 May 2012 00:00:00 +0530 Thu, 24 May 2012 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213544 The Tribunal dismissed the Revenue's appeals, affirming the CIT(A)'s decisions on both issues. The overhead expenditure on construction was deemed revenue expenses as the expenses related to repairs and maintenance of existing assets, not creating new assets. The bad debts were considered properly written off and substantiated by the assessee, in line with the Income Tax Act provisions and judicial precedents. Case-Laws Income Tax Thu, 03 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213544