https://www.taxtmi.com/caselaws?id=373977 The High Court ruled in favor of the assessee regarding the claim under Section 80 IA, determining that the initial year for deduction purposes should be the year from which the claim commences. However, the Court upheld the Tribunal's decision against the assessee concerning the claim under Section 41(1) of the Income Tax Act, stating that the amount could be claimed again as expenditure if the Supreme Court ruled against the assessee. Additionally, the Court agreed with the Tribunal that expenditure on office repairs in 2003-04 should be classified as capital expenditure due to its lasting benefit to the business. en-us Mon, 07 Jan 2019 00:00:00 +0530 Thu, 04 Apr 2019 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373977 The High Court ruled in favor of the assessee regarding the claim under Section 80 IA, determining that the initial year for deduction purposes should be the year from which the claim commences. However, the Court upheld the Tribunal's decision against the assessee concerning the claim under Section 41(1) of the Income Tax Act, stating that the amount could be claimed again as expenditure if the Supreme Court ruled against the assessee. Additionally, the Court agreed with the Tribunal that expenditure on office repairs in 2003-04 should be classified as capital expenditure due to its lasting benefit to the business. Case-Laws Income Tax Mon, 07 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373977