https://www.taxtmi.com/caselaws?id=330487 The ITAT ruled in favor of the assessee, holding that expenses towards a Capacity Builder were capital in nature, not ordinary running expenditures. The expenses were deemed necessary for setting up a production unit, providing enduring benefits. The ITAT directed the disallowance of the expenses debited to the P&L account, enhancing the assessment. Additionally, the ITAT granted condonation of the delay in filing the appeal, allowing it to be heard due to valid reasons presented by the assessee. en-us Fri, 17 Jun 2016 00:00:00 +0530 Wed, 27 Jul 2016 12:33:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330487 The ITAT ruled in favor of the assessee, holding that expenses towards a Capacity Builder were capital in nature, not ordinary running expenditures. The expenses were deemed necessary for setting up a production unit, providing enduring benefits. The ITAT directed the disallowance of the expenses debited to the P&L account, enhancing the assessment. Additionally, the ITAT granted condonation of the delay in filing the appeal, allowing it to be heard due to valid reasons presented by the assessee. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330487