https://www.taxtmi.com/caselaws?id=217636 The High Court classified consultancy charges expenditure as business expenditure rather than capital expenditure, based on the nature of the consultancy study areas and precedents. It held that the expenditure provided enduring benefit by enhancing business efficiency and profitability, making it revenue in nature. The Court disagreed with the Tribunal's decision to remand the matter, as it had already established the nature of the expenditure. Consequently, the High Court ruled in favor of the assessee, allowing the Tax Case Appeal without costs. en-us Mon, 01 Oct 2012 00:00:00 +0530 Tue, 16 Oct 2012 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217636 The High Court classified consultancy charges expenditure as business expenditure rather than capital expenditure, based on the nature of the consultancy study areas and precedents. It held that the expenditure provided enduring benefit by enhancing business efficiency and profitability, making it revenue in nature. The Court disagreed with the Tribunal's decision to remand the matter, as it had already established the nature of the expenditure. Consequently, the High Court ruled in favor of the assessee, allowing the Tax Case Appeal without costs. Case-Laws Income Tax Mon, 01 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217636