https://www.taxtmi.com/caselaws?id=254542 The Tribunal dismissed the assessee's appeal, upholding the decisions of the AO and CIT(A) that the disputed expenditures totaling Rs. 78,51,00,000 were capital in nature and not allowable as revenue expenses. The Tribunal emphasized the importance of establishing the purpose and nature of the expenditure to determine its classification as capital or revenue, remanding the matter back to the AO for further examination in one instance. en-us Fri, 19 Sep 2014 00:00:00 +0530 Tue, 24 Feb 2015 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254542 The Tribunal dismissed the assessee's appeal, upholding the decisions of the AO and CIT(A) that the disputed expenditures totaling Rs. 78,51,00,000 were capital in nature and not allowable as revenue expenses. The Tribunal emphasized the importance of establishing the purpose and nature of the expenditure to determine its classification as capital or revenue, remanding the matter back to the AO for further examination in one instance. Case-Laws Income Tax Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254542