https://www.taxtmi.com/caselaws?id=283501 The HC dismissed the Revenue's appeal, affirming the ITAT's interpretation of Section 35 ABB, which classified the expenditure as revenue rather than capital. The decision aligned with precedent, specifically the case of Commissioner of Income Tax vs. Bharti Hexacom Ltd., reinforcing consistency in the treatment of similar expenditures across cases. en-us Fri, 19 Jan 2018 00:00:00 +0530 Thu, 14 Nov 2024 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283501 The HC dismissed the Revenue's appeal, affirming the ITAT's interpretation of Section 35 ABB, which classified the expenditure as revenue rather than capital. The decision aligned with precedent, specifically the case of Commissioner of Income Tax vs. Bharti Hexacom Ltd., reinforcing consistency in the treatment of similar expenditures across cases. Case-Laws Income Tax Fri, 19 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283501