https://www.taxtmi.com/caselaws?id=169133 The Tribunal dismissed the Revenue's appeal, upholding the decisions of the Commissioner of Income-tax (Appeals) regarding the disallowance of web and portal charges, depreciation, and ad hoc expenses. The Tribunal relied on previous court decisions to support its findings, emphasizing that the expenses were revenue in nature and that the assessee was actively engaged in business operations. Consequently, the Tribunal found no merit in the Revenue's arguments and ruled in favor of the assessee on all grounds, leading to the dismissal of the appeal. en-us Wed, 02 Jul 2014 00:00:00 +0530 Wed, 19 Aug 2015 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169133 The Tribunal dismissed the Revenue's appeal, upholding the decisions of the Commissioner of Income-tax (Appeals) regarding the disallowance of web and portal charges, depreciation, and ad hoc expenses. The Tribunal relied on previous court decisions to support its findings, emphasizing that the expenses were revenue in nature and that the assessee was actively engaged in business operations. Consequently, the Tribunal found no merit in the Revenue's arguments and ruled in favor of the assessee on all grounds, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 02 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169133