https://www.taxtmi.com/caselaws?id=177092 The Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal. The Tribunal upheld the allowance of the claim on expenditure for the Compact Drafting System as revenue outgo and under Section 80-IA of the Income-tax Act, 1961. It also ruled in favor of the assessee regarding the treatment of Carbon Credits as capital receipts. However, the Tribunal upheld the disallowance of the claim for expenditure on carding machines, citing the enduring benefit principle. The order was pronounced in Chennai. en-us Fri, 30 Aug 2013 00:00:00 +0530 Tue, 29 Nov 2016 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177092 The Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal. The Tribunal upheld the allowance of the claim on expenditure for the Compact Drafting System as revenue outgo and under Section 80-IA of the Income-tax Act, 1961. It also ruled in favor of the assessee regarding the treatment of Carbon Credits as capital receipts. However, the Tribunal upheld the disallowance of the claim for expenditure on carding machines, citing the enduring benefit principle. The order was pronounced in Chennai. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177092