https://www.taxtmi.com/caselaws?id=187326 The Tribunal upheld the decisions of the CIT (Appeals) for both assessment years, allowing the full deferred revenue expenditure claimed by the assessee. The Tribunal emphasized that expenses necessary for the business should be treated as revenue expenses in the year they are incurred, irrespective of accounting treatment. The Tribunal rejected the revenue's appeal, stating that statutory provisions govern expense allowability, not accounting treatment. en-us Mon, 06 Jul 2009 00:00:00 +0530 Tue, 18 Oct 2016 14:50:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187326 The Tribunal upheld the decisions of the CIT (Appeals) for both assessment years, allowing the full deferred revenue expenditure claimed by the assessee. The Tribunal emphasized that expenses necessary for the business should be treated as revenue expenses in the year they are incurred, irrespective of accounting treatment. The Tribunal rejected the revenue's appeal, stating that statutory provisions govern expense allowability, not accounting treatment. Case-Laws Income Tax Mon, 06 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187326