https://www.taxtmi.com/caselaws?id=326626 The tribunal dismissed both the assessee's appeal regarding the disallowance of expenditure for Offshore Fund II and the Revenue's appeal concerning the verification and allowance of the Rs. 2.5 crores expenditure. The tribunal upheld the decisions of the lower authorities, emphasizing the importance of substantiating claims with proper evidence and distinguishing between capital and revenue expenditure. en-us Fri, 15 Apr 2016 00:00:00 +0530 Thu, 21 Apr 2016 10:20:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326626 The tribunal dismissed both the assessee's appeal regarding the disallowance of expenditure for Offshore Fund II and the Revenue's appeal concerning the verification and allowance of the Rs. 2.5 crores expenditure. The tribunal upheld the decisions of the lower authorities, emphasizing the importance of substantiating claims with proper evidence and distinguishing between capital and revenue expenditure. Case-Laws Income Tax Fri, 15 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326626