https://www.taxtmi.com/caselaws?id=254410 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision, ruling that the expenses claimed by the assessee were revenue in nature, as they were for maintaining existing assets and did not involve acquiring new capital assets. The Tribunal dismissed the Revenue's appeal, affirming that the expenses were not capital expenditure. en-us Fri, 12 Dec 2014 00:00:00 +0530 Fri, 19 Dec 2014 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254410 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision, ruling that the expenses claimed by the assessee were revenue in nature, as they were for maintaining existing assets and did not involve acquiring new capital assets. The Tribunal dismissed the Revenue's appeal, affirming that the expenses were not capital expenditure. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254410