https://www.taxtmi.com/caselaws?id=264340 The Tribunal held that the expenditure incurred on the Mawa project was revenue in nature and allowable under Section 37(1) of the Income Tax Act. It concluded that the expenses did not create any enduring benefit and should be treated as revenue expenditure. The Tribunal dismissed the Revenue's appeal and directed the AO to delete the addition, affirming the CIT (A)'s decision. en-us Fri, 28 Aug 2015 00:00:00 +0530 Sat, 19 Sep 2015 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264340 The Tribunal held that the expenditure incurred on the Mawa project was revenue in nature and allowable under Section 37(1) of the Income Tax Act. It concluded that the expenses did not create any enduring benefit and should be treated as revenue expenditure. The Tribunal dismissed the Revenue's appeal and directed the AO to delete the addition, affirming the CIT (A)'s decision. Case-Laws Income Tax Fri, 28 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264340