https://www.taxtmi.com/caselaws?id=185991 The revenue's appeal challenging the allowance of expenditure for a shelved project under section 37 of the Income Tax Act, 1961 was dismissed. The CIT(A) differentiated between the expenditure related to different projects, allowing one and disallowing the other. The expenditure was considered revenue in nature as it was for the development of an existing business line, not creating new enduring assets. Citing precedents, the court upheld the CIT(A)'s decision, ruling in favor of the assessee. The appeal was dismissed, and the decision was pronounced on 25.06.2010. en-us Fri, 25 Jun 2010 00:00:00 +0530 Mon, 05 Sep 2016 13:02:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185991 The revenue's appeal challenging the allowance of expenditure for a shelved project under section 37 of the Income Tax Act, 1961 was dismissed. The CIT(A) differentiated between the expenditure related to different projects, allowing one and disallowing the other. The expenditure was considered revenue in nature as it was for the development of an existing business line, not creating new enduring assets. Citing precedents, the court upheld the CIT(A)'s decision, ruling in favor of the assessee. The appeal was dismissed, and the decision was pronounced on 25.06.2010. Case-Laws Income Tax Fri, 25 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185991