https://www.taxtmi.com/caselaws?id=214922 The Tribunal partially allowed the appeal, permitting a portion of computer expenses and repair costs as revenue expenditure while confirming the capital nature of the remaining expenses. The disallowance of the trading loss related to the amount receivable from a subsidiary company was upheld, deeming it a capital outgo. Additionally, the Tribunal affirmed the consequential nature of interest under section 220(2). en-us Fri, 08 Jun 2012 00:00:00 +0530 Fri, 20 Jul 2012 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214922 The Tribunal partially allowed the appeal, permitting a portion of computer expenses and repair costs as revenue expenditure while confirming the capital nature of the remaining expenses. The disallowance of the trading loss related to the amount receivable from a subsidiary company was upheld, deeming it a capital outgo. Additionally, the Tribunal affirmed the consequential nature of interest under section 220(2). Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214922