https://www.taxtmi.com/caselaws?id=370034 The Tribunal upheld the Assessing Officer's decision to treat the expenditure claimed by the assessee as capital expenditure for setting up a retail outlet, disallowing it as revenue expenditure. The Tribunal found that the expenditure was incurred before the commencement of business and lacked specific details to support its classification as revenue expenditure. Consequently, the appeal was dismissed, affirming the capitalization of the expenditure and allowing for depreciation. en-us Fri, 03 Aug 2018 00:00:00 +0530 Thu, 08 Nov 2018 10:58:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370034 The Tribunal upheld the Assessing Officer's decision to treat the expenditure claimed by the assessee as capital expenditure for setting up a retail outlet, disallowing it as revenue expenditure. The Tribunal found that the expenditure was incurred before the commencement of business and lacked specific details to support its classification as revenue expenditure. Consequently, the appeal was dismissed, affirming the capitalization of the expenditure and allowing for depreciation. Case-Laws Income Tax Fri, 03 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370034