https://www.taxtmi.com/caselaws?id=327542 The appellant's appeal against the disallowance of expenditure as capital expenditure and denial of amortization was partially allowed by the Tribunal. The Tribunal directed the Assessing Officer to determine the nature and timing of the expenditure before making a final decision on its allowability. The case was remanded back for further assessment, considering whether the expenditure was preoperative and should be amortized under the Income Tax Act. The Tribunal acknowledged the appellant's arguments regarding the operational nature of the expenditure but emphasized the need for a factual determination before reaching a conclusive decision. en-us Fri, 26 Feb 2016 00:00:00 +0530 Fri, 13 May 2016 08:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327542 The appellant's appeal against the disallowance of expenditure as capital expenditure and denial of amortization was partially allowed by the Tribunal. The Tribunal directed the Assessing Officer to determine the nature and timing of the expenditure before making a final decision on its allowability. The case was remanded back for further assessment, considering whether the expenditure was preoperative and should be amortized under the Income Tax Act. The Tribunal acknowledged the appellant's arguments regarding the operational nature of the expenditure but emphasized the need for a factual determination before reaching a conclusive decision. Case-Laws Income Tax Fri, 26 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327542