https://www.taxtmi.com/caselaws?id=266103 The Tribunal upheld the amortisation of project development expenses for assessment years 2007-08 and 2008-09 under section 35D of the Income-tax Act. The Revenue's appeals were dismissed as the expenses were deemed revenue in nature, recoverable over the toll period, and not capital, given the government-owned assets. The Tribunal supported the consistent method employed by the assessee and relied on past decisions favoring the claim, ultimately affirming the Commissioner's orders in both cases. en-us Fri, 13 Jun 2014 00:00:00 +0530 Sat, 17 Oct 2015 23:24:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266103 The Tribunal upheld the amortisation of project development expenses for assessment years 2007-08 and 2008-09 under section 35D of the Income-tax Act. The Revenue's appeals were dismissed as the expenses were deemed revenue in nature, recoverable over the toll period, and not capital, given the government-owned assets. The Tribunal supported the consistent method employed by the assessee and relied on past decisions favoring the claim, ultimately affirming the Commissioner's orders in both cases. Case-Laws Income Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266103