https://www.taxtmi.com/caselaws?id=172228 The Tribunal upheld the deletion of disallowance of Referral fee as revenue expenditure for Assessment Year 2005-2006, citing that the payment facilitated business operations more profitably without affecting fixed capital. Additionally, the Tribunal confirmed the treatment of website development expenses as revenue expenditure based on the enduring benefits principle. The Tribunal also allowed the exchange fluctuation loss as a deduction for revenue purposes, following legal precedents. For Assessment Year 2006-2007, the Tribunal upheld the deletion of the addition of Referral fee as revenue expenditure, consistent with the decision for the previous year. en-us Wed, 09 Feb 2011 00:00:00 +0530 Mon, 17 Aug 2015 09:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172228 The Tribunal upheld the deletion of disallowance of Referral fee as revenue expenditure for Assessment Year 2005-2006, citing that the payment facilitated business operations more profitably without affecting fixed capital. Additionally, the Tribunal confirmed the treatment of website development expenses as revenue expenditure based on the enduring benefits principle. The Tribunal also allowed the exchange fluctuation loss as a deduction for revenue purposes, following legal precedents. For Assessment Year 2006-2007, the Tribunal upheld the deletion of the addition of Referral fee as revenue expenditure, consistent with the decision for the previous year. Case-Laws Income Tax Wed, 09 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172228