https://www.taxtmi.com/caselaws?id=187806 The assessee's appeal was partly allowed, with the Tribunal directing the Assessing Officer to treat product development expenses as revenue expenditure rather than capital expenditure. The Tribunal also upheld the CIT(A)'s decision to allow the claim under Section 10A after set-off of losses, dismissing the Revenue's appeal. The initiation of proceedings under Section 147 was not pressed and dismissed. en-us Tue, 28 May 2013 00:00:00 +0530 Mon, 07 Nov 2016 18:14:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187806 The assessee's appeal was partly allowed, with the Tribunal directing the Assessing Officer to treat product development expenses as revenue expenditure rather than capital expenditure. The Tribunal also upheld the CIT(A)'s decision to allow the claim under Section 10A after set-off of losses, dismissing the Revenue's appeal. The initiation of proceedings under Section 147 was not pressed and dismissed. Case-Laws Income Tax Tue, 28 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187806