https://www.taxtmi.com/caselaws?id=398856 The Tribunal dismissed the Revenue's appeal, upholding the allowance of expenditure by the Assessee as "Business Expenditure" under Section 37 of the Act. The Court found the expenses to be normal business expenses, justifying their classification as revenue expenditure in the regular course of business. The lower authorities' decisions were affirmed, and the appeal was deemed lacking in merit, resulting in its dismissal. en-us Wed, 16 Sep 2020 00:00:00 +0530 Fri, 25 Sep 2020 09:52:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398856 The Tribunal dismissed the Revenue's appeal, upholding the allowance of expenditure by the Assessee as "Business Expenditure" under Section 37 of the Act. The Court found the expenses to be normal business expenses, justifying their classification as revenue expenditure in the regular course of business. The lower authorities' decisions were affirmed, and the appeal was deemed lacking in merit, resulting in its dismissal. Case-Laws Income Tax Wed, 16 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398856