https://www.taxtmi.com/caselaws?id=270992 The High Court upheld the decisions of the CIT(A) and Tribunal, dismissing the revenue's appeal. The court determined that the various businesses conducted by the assessee constituted one business entity based on common management and other factors. Additionally, the expenditure of Rs. 6,70,78,483/- was deemed revenue in nature, with professional fees considered as such. The court also approved the calculation of depreciation based on the revised written down value from the previous assessment year. The revenue's arguments were found to lack merit, leading to the dismissal of the appeal. en-us Tue, 08 Sep 2015 00:00:00 +0530 Tue, 14 Apr 2026 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270992 The High Court upheld the decisions of the CIT(A) and Tribunal, dismissing the revenue's appeal. The court determined that the various businesses conducted by the assessee constituted one business entity based on common management and other factors. Additionally, the expenditure of Rs. 6,70,78,483/- was deemed revenue in nature, with professional fees considered as such. The court also approved the calculation of depreciation based on the revised written down value from the previous assessment year. The revenue's arguments were found to lack merit, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 08 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270992