https://www.taxtmi.com/caselaws?id=176917 The appeals by Revenue for Assessment Years 2005-06 & 2006-07, concerning the deletion of addition of development expenses, were dismissed. The ITAT upheld the order of Ld. CIT(A) based on earlier decisions favoring the assessee, citing that the expenses were routine business expenses and allowable as revenue expenditure. The tribunal emphasized the unity and interconnection of various business aspects, following precedents set by previous tribunal decisions. en-us Fri, 25 Feb 2011 00:00:00 +0530 Thu, 31 Dec 2015 11:54:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176917 The appeals by Revenue for Assessment Years 2005-06 & 2006-07, concerning the deletion of addition of development expenses, were dismissed. The ITAT upheld the order of Ld. CIT(A) based on earlier decisions favoring the assessee, citing that the expenses were routine business expenses and allowable as revenue expenditure. The tribunal emphasized the unity and interconnection of various business aspects, following precedents set by previous tribunal decisions. Case-Laws Income Tax Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176917