https://www.taxtmi.com/caselaws?id=255003 The Court upheld the Tribunal's decision on all issues, ruling that the disputed expenditures were revenue in nature and should be allowed in the year they were incurred. The Court emphasized the importance of accurately reflecting the assessee's financial position and income, dismissing the appeals. en-us Mon, 29 Sep 2014 00:00:00 +0530 Tue, 06 Jan 2015 10:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255003 The Court upheld the Tribunal's decision on all issues, ruling that the disputed expenditures were revenue in nature and should be allowed in the year they were incurred. The Court emphasized the importance of accurately reflecting the assessee's financial position and income, dismissing the appeals. Case-Laws Income Tax Mon, 29 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255003