https://www.taxtmi.com/highlights?id=27164 As the assessee’s business was promotion of new ventures, the project expenditure was incidental to the business and hence could not be treated as preliminary or capital in nature and accordingly allowed the same as Revenue expenditure. - AT en-us Tue, 02 Feb 2016 11:36:36 +0530 Tue, 02 Feb 2016 11:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27164 As the assessee’s business was promotion of new ventures, the project expenditure was incidental to the business and hence could not be treated as preliminary or capital in nature and accordingly allowed the same as Revenue expenditure. - AT Highlights Income Tax Tue, 02 Feb 2016 11:36:36 +0530 https://www.taxtmi.com/highlights?id=27164