https://www.taxtmi.com/caselaws?id=341699 The Supreme Court affirmed the decision of the Income Tax Appellate Tribunal, allowing the respondent's claimed expenditure as revenue expenditure. The court directed that any depreciation taken on the allowed expenditure should be reversed by the assessing authority. The appeals filed by the Commissioner of Income Tax were dismissed. en-us Thu, 06 Apr 2017 00:00:00 +0530 Sat, 13 May 2017 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341699 The Supreme Court affirmed the decision of the Income Tax Appellate Tribunal, allowing the respondent's claimed expenditure as revenue expenditure. The court directed that any depreciation taken on the allowed expenditure should be reversed by the assessing authority. The appeals filed by the Commissioner of Income Tax were dismissed. Case-Laws Income Tax Thu, 06 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341699