https://www.taxtmi.com/caselaws?id=260100 The Tribunal upheld the CIT(A)'s decision to treat the compensation payment as a revenue expenditure, allowing it under section 37(1) of the Income Tax Act, 1961. The Tribunal found the payment related to supplies and lacked enduring benefit to the appellant, supporting its revenue nature. Consequently, the appeal was dismissed, affirming the CIT(A)'s order in favor of the appellant. en-us Fri, 27 Mar 2015 00:00:00 +0530 Tue, 02 Jun 2015 06:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260100 The Tribunal upheld the CIT(A)'s decision to treat the compensation payment as a revenue expenditure, allowing it under section 37(1) of the Income Tax Act, 1961. The Tribunal found the payment related to supplies and lacked enduring benefit to the appellant, supporting its revenue nature. Consequently, the appeal was dismissed, affirming the CIT(A)'s order in favor of the appellant. Case-Laws Income Tax Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260100