https://www.taxtmi.com/caselaws?id=217835 The ITAT allowed the appellant's appeal, overturning the disallowance of expenses claimed as capital in nature for AY 2006-07. The disallowance of tender fees and loan processing charges, totaling Rs.1,57,200/- and Rs.37,000/- respectively, was deleted. The ITAT emphasized the distinction between revenue and capital expenditures, highlighting that the expenses were incurred in the regular course of business and not for acquiring any capital asset. en-us Fri, 12 Oct 2012 00:00:00 +0530 Thu, 25 Oct 2012 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217835 The ITAT allowed the appellant's appeal, overturning the disallowance of expenses claimed as capital in nature for AY 2006-07. The disallowance of tender fees and loan processing charges, totaling Rs.1,57,200/- and Rs.37,000/- respectively, was deleted. The ITAT emphasized the distinction between revenue and capital expenditures, highlighting that the expenses were incurred in the regular course of business and not for acquiring any capital asset. Case-Laws Income Tax Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217835