https://www.taxtmi.com/caselaws?id=247925 The High Court upheld the Tribunal's decisions in a case involving the treatment of expenditure on a Domestic Customer Database and the transfer of human skills as revenue expenditures, and the allowability of foreign exchange fluctuation loss as a deductible expense. The Tribunal ruled that both the expenditure on the database and the transfer of human skills should be treated as revenue expenditures. Additionally, the foreign exchange fluctuation loss was allowed as a deductible expense. The High Court dismissed the appeal, confirming the Tribunal's decisions in favor of the assessee on all three issues. en-us Wed, 30 Apr 2014 00:00:00 +0530 Tue, 17 Feb 2015 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247925 The High Court upheld the Tribunal's decisions in a case involving the treatment of expenditure on a Domestic Customer Database and the transfer of human skills as revenue expenditures, and the allowability of foreign exchange fluctuation loss as a deductible expense. The Tribunal ruled that both the expenditure on the database and the transfer of human skills should be treated as revenue expenditures. Additionally, the foreign exchange fluctuation loss was allowed as a deductible expense. The High Court dismissed the appeal, confirming the Tribunal's decisions in favor of the assessee on all three issues. Case-Laws Income Tax Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247925