https://www.taxtmi.com/caselaws?id=252565 The Tribunal upheld the decisions to allow credit investigation, application capture, and advertisement expenses as revenue expenditures. It also permitted the card acquisition expenditure in the year incurred, rejecting deferred revenue expenditure. However, the provision for reward point redemption was dismissed as deduction had been allowed on an actual payment basis. The Tribunal referenced judicial precedents and accounting standards in its detailed analysis of each issue. en-us Fri, 31 Jan 2014 00:00:00 +0530 Wed, 29 Oct 2014 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252565 The Tribunal upheld the decisions to allow credit investigation, application capture, and advertisement expenses as revenue expenditures. It also permitted the card acquisition expenditure in the year incurred, rejecting deferred revenue expenditure. However, the provision for reward point redemption was dismissed as deduction had been allowed on an actual payment basis. The Tribunal referenced judicial precedents and accounting standards in its detailed analysis of each issue. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252565