https://www.taxtmi.com/caselaws?id=169842 The Tribunal ruled in favor of the appellant, classifying artwork charges as revenue expenditure for the assessment year 1998-99. The Tribunal emphasized the temporary nature of the artworks with a lifespan of less than six months, concluding that they did not qualify as capital expenditure. It noted inconsistencies in the treatment of similar expenses in the past and directed the deletion of the disputed amount, allowing the appellant's appeal. en-us Wed, 23 Jan 2013 00:00:00 +0530 Thu, 23 Apr 2015 15:44:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169842 The Tribunal ruled in favor of the appellant, classifying artwork charges as revenue expenditure for the assessment year 1998-99. The Tribunal emphasized the temporary nature of the artworks with a lifespan of less than six months, concluding that they did not qualify as capital expenditure. It noted inconsistencies in the treatment of similar expenses in the past and directed the deletion of the disputed amount, allowing the appellant's appeal. Case-Laws Income Tax Wed, 23 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169842