https://www.taxtmi.com/caselaws?id=180911 The High Court ruled in favor of the assessee on the treatment of Project Survey Expenses as Revenue Expenditure instead of Capital Expenditure. However, the Court sided with the Revenue on the deduction under Section 80M for dividend income, requiring proportional deduction of expenses. Additionally, the Court categorized the profit from the sale of shares as Capital Gains in favor of the assessee. Lastly, the Court upheld the Tribunal's decision regarding the deduction under Section 36(1)(viii) and creation of reserves, ruling in favor of the assessee. en-us Mon, 18 Jul 2011 00:00:00 +0530 Fri, 07 Apr 2023 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180911 The High Court ruled in favor of the assessee on the treatment of Project Survey Expenses as Revenue Expenditure instead of Capital Expenditure. However, the Court sided with the Revenue on the deduction under Section 80M for dividend income, requiring proportional deduction of expenses. Additionally, the Court categorized the profit from the sale of shares as Capital Gains in favor of the assessee. Lastly, the Court upheld the Tribunal's decision regarding the deduction under Section 36(1)(viii) and creation of reserves, ruling in favor of the assessee. Case-Laws Income Tax Mon, 18 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180911