https://www.taxtmi.com/caselaws?id=269043 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal regarding the addition of expenses as capital in nature. The Tribunal agreed that the expenses were revenue expenditures for maintaining and improving the business, not providing enduring benefits. Emphasizing the rule of consistency, the Tribunal found no merit in the Revenue's arguments and affirmed the CIT(A)'s order. en-us Fri, 28 Aug 2015 00:00:00 +0530 Mon, 07 Dec 2015 10:19:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269043 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal regarding the addition of expenses as capital in nature. The Tribunal agreed that the expenses were revenue expenditures for maintaining and improving the business, not providing enduring benefits. Emphasizing the rule of consistency, the Tribunal found no merit in the Revenue's arguments and affirmed the CIT(A)'s order. Case-Laws Income Tax Fri, 28 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269043