https://www.taxtmi.com/caselaws?id=371935 The case involved a dispute over the treatment of pre-operative expenditure as revenue expenditure for tax purposes. The Revenue argued for capitalization based on accounting entries, but the Tribunal, following legal precedents, deemed the expenditure as revenue in nature for expanding the existing business, not for a new business. The Tribunal's factual determination, supported by a previous case, led to the dismissal of the Revenue's appeal as no legal question was found to arise. en-us Mon, 10 Dec 2018 00:00:00 +0530 Fri, 14 Dec 2018 07:21:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371935 The case involved a dispute over the treatment of pre-operative expenditure as revenue expenditure for tax purposes. The Revenue argued for capitalization based on accounting entries, but the Tribunal, following legal precedents, deemed the expenditure as revenue in nature for expanding the existing business, not for a new business. The Tribunal's factual determination, supported by a previous case, led to the dismissal of the Revenue's appeal as no legal question was found to arise. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371935