https://www.taxtmi.com/caselaws?id=328976 The Tribunal dismissed the revenue's appeal on the deletion of disallowance of franchisee expenses, affirming them as revenue expenditure. The Tribunal allowed the assessee's appeal on the disallowance of market development expenses, ruling them as revenue in nature and withdrawing the depreciation allowance. The decision highlighted the importance of assessing the nature of expenses and maintaining consistency in tax assessments. en-us Thu, 16 Jun 2016 00:00:00 +0530 Fri, 17 Jun 2016 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328976 The Tribunal dismissed the revenue's appeal on the deletion of disallowance of franchisee expenses, affirming them as revenue expenditure. The Tribunal allowed the assessee's appeal on the disallowance of market development expenses, ruling them as revenue in nature and withdrawing the depreciation allowance. The decision highlighted the importance of assessing the nature of expenses and maintaining consistency in tax assessments. Case-Laws Income Tax Thu, 16 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328976