https://www.taxtmi.com/caselaws?id=241290 The Tribunal allowed the assessee's appeal, overturning the disallowance of consultancy charges and traveling expenses as capital expenditure. The Tribunal considered the consultancy fees essential for attracting customers and developing the business, treating them as revenue expenditure rather than capital in nature. The expenses incurred after setting up the business were also deemed as revenue expenditure necessary for the service industry, following legal precedents supporting the allowance of such expenses. en-us Fri, 13 Sep 2013 00:00:00 +0530 Fri, 18 Mar 2016 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241290 The Tribunal allowed the assessee's appeal, overturning the disallowance of consultancy charges and traveling expenses as capital expenditure. The Tribunal considered the consultancy fees essential for attracting customers and developing the business, treating them as revenue expenditure rather than capital in nature. The expenses incurred after setting up the business were also deemed as revenue expenditure necessary for the service industry, following legal precedents supporting the allowance of such expenses. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241290