https://www.taxtmi.com/caselaws?id=213936 The Tribunal concluded that the expenditure on neon signs and glow signs should be treated as revenue expenditure under Section 37(1) of the Income Tax Act. The appeals were dismissed, emphasizing the commercial nature of the expenditure, consistency in treatment in previous years, and the primary purpose of the expenditure in business operations. en-us Wed, 30 Mar 2011 00:00:00 +0530 Wed, 22 Jul 2026 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213936 The Tribunal concluded that the expenditure on neon signs and glow signs should be treated as revenue expenditure under Section 37(1) of the Income Tax Act. The appeals were dismissed, emphasizing the commercial nature of the expenditure, consistency in treatment in previous years, and the primary purpose of the expenditure in business operations. Case-Laws Income Tax Wed, 30 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213936