https://www.taxtmi.com/caselaws?id=364505 The Tribunal allowed the appeal filed by the assessee, directing the AO to delete the addition made towards the disallowance of revenue expenses claimed. The Tribunal held that the expenses, though treated as pre-operative in the books, were revenue in nature and incurred for business expansion, relying on judicial precedents emphasizing the nature of expenses for tax treatment. The decision overturned the CIT(A) and AO's findings, concluding in favor of the assessee. en-us Fri, 27 Jul 2018 00:00:00 +0530 Tue, 31 Jul 2018 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364505 The Tribunal allowed the appeal filed by the assessee, directing the AO to delete the addition made towards the disallowance of revenue expenses claimed. The Tribunal held that the expenses, though treated as pre-operative in the books, were revenue in nature and incurred for business expansion, relying on judicial precedents emphasizing the nature of expenses for tax treatment. The decision overturned the CIT(A) and AO's findings, concluding in favor of the assessee. Case-Laws Income Tax Fri, 27 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364505