https://www.taxtmi.com/caselaws?id=216137 The Tribunal dismissed the Revenue's appeal on both grounds. The deferred revenue expenses were allowed as revenue expenditure based on past judicial decisions and the nature of the expenses. The bad debts were allowed as the assessee had written them off in its books, aligning with the legal requirements post-amendment of section 36(1)(vii). The Tribunal found no merit in the Revenue's arguments and upheld the CIT(A)'s decisions. en-us Wed, 08 Aug 2012 00:00:00 +0530 Wed, 29 Aug 2012 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216137 The Tribunal dismissed the Revenue's appeal on both grounds. The deferred revenue expenses were allowed as revenue expenditure based on past judicial decisions and the nature of the expenses. The bad debts were allowed as the assessee had written them off in its books, aligning with the legal requirements post-amendment of section 36(1)(vii). The Tribunal found no merit in the Revenue's arguments and upheld the CIT(A)'s decisions. Case-Laws Income Tax Wed, 08 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216137