https://www.taxtmi.com/caselaws?id=292983 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal. It upheld the deduction claim under section 10AA, rejecting the AO's adjustments based on presumptions of inflated profits. The Tribunal classified RSA token expenses as revenue expenditure, contrary to the capital expenditure classification by the AO and CIT(A). The issue regarding the validity of the CIT(A)'s order passed in the name of a dissolved entity was dismissed as not pressed by the assessee. en-us Tue, 27 Nov 2018 00:00:00 +0530 Sun, 17 Jan 2021 20:11:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292983 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal. It upheld the deduction claim under section 10AA, rejecting the AO's adjustments based on presumptions of inflated profits. The Tribunal classified RSA token expenses as revenue expenditure, contrary to the capital expenditure classification by the AO and CIT(A). The issue regarding the validity of the CIT(A)'s order passed in the name of a dissolved entity was dismissed as not pressed by the assessee. Case-Laws Income Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292983