https://www.taxtmi.com/caselaws?id=244604 The Tribunal upheld the classification of certain expenses as revenue and capital in nature based on their aim and object. The assessee's claim for exemption under section 10(20) of the Income Tax Act was rejected by the Supreme Court. Depreciation was allowed on capital expenditure for the assessment year 2006-07. Contributions made to Delhi Agricultural Marketing Board were treated as statutory payments. The charging of interest under relevant sections of the Income Tax Act was upheld. The Tribunal dismissed appeals for the assessment year 2004-05 and partially allowed the assessee's appeal for 2006-07. en-us Fri, 20 Dec 2013 00:00:00 +0530 Mon, 03 Mar 2014 09:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244604 The Tribunal upheld the classification of certain expenses as revenue and capital in nature based on their aim and object. The assessee's claim for exemption under section 10(20) of the Income Tax Act was rejected by the Supreme Court. Depreciation was allowed on capital expenditure for the assessment year 2006-07. Contributions made to Delhi Agricultural Marketing Board were treated as statutory payments. The charging of interest under relevant sections of the Income Tax Act was upheld. The Tribunal dismissed appeals for the assessment year 2004-05 and partially allowed the assessee's appeal for 2006-07. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244604