https://www.taxtmi.com/caselaws?id=351485 The Tribunal upheld the treatment of extension fees as capital expenditure but set aside the rejection of books of account and the consequent addition to income. The detailed analysis and explanations provided by the assessee were found satisfactory, leading to the deletion of the additional taxable income estimated by the AO. The appeal of the assessee was partly allowed. en-us Thu, 13 Jul 2017 00:00:00 +0530 Sat, 25 Nov 2017 09:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351485 The Tribunal upheld the treatment of extension fees as capital expenditure but set aside the rejection of books of account and the consequent addition to income. The detailed analysis and explanations provided by the assessee were found satisfactory, leading to the deletion of the additional taxable income estimated by the AO. The appeal of the assessee was partly allowed. Case-Laws Income Tax Thu, 13 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351485