https://www.taxtmi.com/caselaws?id=271229 The Tribunal dismissed the assessee's objection regarding the Transfer Pricing Officer's jurisdiction, holding that the Assessing Officer had independent authority to examine issues. The Tribunal ruled in favor of the assessee, treating project management study expenses as revenue expenditure. Expenses related to idle capacity and setting up new service lines were also deemed revenue in nature, upholding the CIT(A)'s decisions. The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal, emphasizing the critical analysis of expenses for proper classification. en-us Fri, 30 Oct 2015 00:00:00 +0530 Thu, 28 Jan 2016 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271229 The Tribunal dismissed the assessee's objection regarding the Transfer Pricing Officer's jurisdiction, holding that the Assessing Officer had independent authority to examine issues. The Tribunal ruled in favor of the assessee, treating project management study expenses as revenue expenditure. Expenses related to idle capacity and setting up new service lines were also deemed revenue in nature, upholding the CIT(A)'s decisions. The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal, emphasizing the critical analysis of expenses for proper classification. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271229