https://www.taxtmi.com/caselaws?id=250778 The High Court dismissed the revenue's appeal under Section 260A of the Income Tax Act for the assessment year 1997-98. The Court upheld the Tribunal's findings that the one-time expenditure for Club Membership Fee and expenses for the ISO 9002 Certificate were revenue expenditures. The Court also addressed the issue of a claim filed after the stipulated period, remanding it for further assessment by the Assessing Officer. The judgment referenced legal precedents to support its conclusions on each issue raised in the appeal. en-us Tue, 08 Jul 2014 00:00:00 +0530 Mon, 25 Aug 2014 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250778 The High Court dismissed the revenue's appeal under Section 260A of the Income Tax Act for the assessment year 1997-98. The Court upheld the Tribunal's findings that the one-time expenditure for Club Membership Fee and expenses for the ISO 9002 Certificate were revenue expenditures. The Court also addressed the issue of a claim filed after the stipulated period, remanding it for further assessment by the Assessing Officer. The judgment referenced legal precedents to support its conclusions on each issue raised in the appeal. Case-Laws Income Tax Tue, 08 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250778