https://www.taxtmi.com/caselaws?id=275270 The case focused on assessing enrolment expenses for smart card printing under the RSBY scheme for a company in the TPA business. The AO disallowed a portion of expenses citing enduring benefit, but the Ld.CIT(A) and Tribunal disagreed. They emphasized the independent nature of smart card printing, ownership by the Government, and lack of enduring benefits to the company. The Tribunal upheld the Ld.CIT(A)'s decision, allowing the expenses as revenue expenditure and dismissing the Revenue's appeal. The judgment clarified the correct accounting treatment for such expenses and favored the assessee. en-us Thu, 10 Jul 2014 00:00:00 +0530 Wed, 26 Sep 2018 09:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275270 The case focused on assessing enrolment expenses for smart card printing under the RSBY scheme for a company in the TPA business. The AO disallowed a portion of expenses citing enduring benefit, but the Ld.CIT(A) and Tribunal disagreed. They emphasized the independent nature of smart card printing, ownership by the Government, and lack of enduring benefits to the company. The Tribunal upheld the Ld.CIT(A)'s decision, allowing the expenses as revenue expenditure and dismissing the Revenue's appeal. The judgment clarified the correct accounting treatment for such expenses and favored the assessee. Case-Laws Income Tax Thu, 10 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275270