https://www.taxtmi.com/caselaws?id=269604 The High Court upheld the Tribunal's decision regarding revenue expenditure, emphasizing the distinction between capital and revenue expenditure under the Income Tax Act and rejecting deferred revenue expenditure. The Court highlighted the importance of considering commercial sense and enduring benefits in determining expenditure nature, regardless of its treatment in the books of account. en-us Mon, 30 Nov 2015 00:00:00 +0530 Thu, 17 Dec 2015 06:45:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269604 The High Court upheld the Tribunal's decision regarding revenue expenditure, emphasizing the distinction between capital and revenue expenditure under the Income Tax Act and rejecting deferred revenue expenditure. The Court highlighted the importance of considering commercial sense and enduring benefits in determining expenditure nature, regardless of its treatment in the books of account. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269604