https://www.taxtmi.com/caselaws?id=177045 The Tribunal partially allowed both the assessee's and the revenue's appeals, directing the Assessing Officer to recompute the income by allowing 70% of the disputed expenses as revenue expenditure and disallowing 30% as capital expenditure. The Tribunal stressed the importance of thoroughly verifying the nature of each expense to accurately classify them as either capital or revenue expenditures. en-us Thu, 06 Mar 2014 00:00:00 +0530 Sat, 02 Jan 2016 10:13:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177045 The Tribunal partially allowed both the assessee's and the revenue's appeals, directing the Assessing Officer to recompute the income by allowing 70% of the disputed expenses as revenue expenditure and disallowing 30% as capital expenditure. The Tribunal stressed the importance of thoroughly verifying the nature of each expense to accurately classify them as either capital or revenue expenditures. Case-Laws Income Tax Thu, 06 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177045