https://www.taxtmi.com/caselaws?id=394850 The ITAT partially allowed the appeal, allowing the deduction of service fees as revenue expenditure under section 37 of the Income Tax Act. Regarding the membership and subscription charges, the ITAT treated them as preliminary expenditure for business purposes, allowing one-fifth of the expenditure in the assessment year and spreading the balance over the next four years. The appeal filed by the assessee was partly allowed. en-us Wed, 26 Feb 2020 00:00:00 +0530 Mon, 27 Apr 2020 11:21:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394850 The ITAT partially allowed the appeal, allowing the deduction of service fees as revenue expenditure under section 37 of the Income Tax Act. Regarding the membership and subscription charges, the ITAT treated them as preliminary expenditure for business purposes, allowing one-fifth of the expenditure in the assessment year and spreading the balance over the next four years. The appeal filed by the assessee was partly allowed. Case-Laws Income Tax Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394850