https://www.taxtmi.com/caselaws?id=256053 The Appellate Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the addition of Rs. 1.40 crore made by the Assessing Officer. The Tribunal agreed that the Assessing Officer failed to properly consider whether the amount in question was claimed as revenue or capital expenditure, leading to the conclusion that the addition was not justified. The Tribunal dismissed the Revenue's appeal, affirming the deletion of the addition. en-us Fri, 09 Jan 2015 00:00:00 +0530 Tue, 03 Feb 2015 06:01:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256053 The Appellate Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the addition of Rs. 1.40 crore made by the Assessing Officer. The Tribunal agreed that the Assessing Officer failed to properly consider whether the amount in question was claimed as revenue or capital expenditure, leading to the conclusion that the addition was not justified. The Tribunal dismissed the Revenue's appeal, affirming the deletion of the addition. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256053