https://www.taxtmi.com/caselaws?id=394919 The High Court upheld the Tribunal's decision to delete the addition of deferred revenue expenditure made by the Assessing Officer. The Court found the expenditure to be revenue in nature, allowing it to be deducted in the year it was incurred. The Court dismissed the Revenue's appeals, noting that the Tribunal's findings were reasoned and no illegality was identified. The decision was supported by precedents and the distinction of the expenditure as necessary for business, not capital in nature. en-us Thu, 23 Jan 2020 00:00:00 +0530 Wed, 29 Apr 2020 09:47:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394919 The High Court upheld the Tribunal's decision to delete the addition of deferred revenue expenditure made by the Assessing Officer. The Court found the expenditure to be revenue in nature, allowing it to be deducted in the year it was incurred. The Court dismissed the Revenue's appeals, noting that the Tribunal's findings were reasoned and no illegality was identified. The decision was supported by precedents and the distinction of the expenditure as necessary for business, not capital in nature. Case-Laws Income Tax Thu, 23 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394919