https://www.taxtmi.com/caselaws?id=404051 The Tribunal ruled in favor of the assessee, determining that the expenses incurred should be treated as revenue expenditure rather than capital expenditure. The disallowance of an expense due to non-submission of bills was deemed unjustified as proper banking channels were used for payment. The Tribunal emphasized consistency in treating expenses across different assessment years and referenced relevant case law supporting the classification of such expenses as revenue expenditure. The appeal was allowed, and the disallowance was deleted, underscoring the importance of maintaining consistency in expense treatment. en-us Tue, 09 Feb 2021 00:00:00 +0530 Sat, 13 Feb 2021 21:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404051 The Tribunal ruled in favor of the assessee, determining that the expenses incurred should be treated as revenue expenditure rather than capital expenditure. The disallowance of an expense due to non-submission of bills was deemed unjustified as proper banking channels were used for payment. The Tribunal emphasized consistency in treating expenses across different assessment years and referenced relevant case law supporting the classification of such expenses as revenue expenditure. The appeal was allowed, and the disallowance was deleted, underscoring the importance of maintaining consistency in expense treatment. Case-Laws Income Tax Tue, 09 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404051