https://www.taxtmi.com/caselaws?id=407265 The Tribunal dismissed both appeals filed by the revenue, upholding CIT(A)'s decisions on all grounds. The Tribunal found the design charges to be revenue expenditure, directed the computation of capital gains based on the actual sale consideration, and rejected the disallowances under Section 40A(2)(b) due to lack of evidence. en-us Mon, 26 Apr 2021 00:00:00 +0530 Wed, 05 May 2021 08:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407265 The Tribunal dismissed both appeals filed by the revenue, upholding CIT(A)'s decisions on all grounds. The Tribunal found the design charges to be revenue expenditure, directed the computation of capital gains based on the actual sale consideration, and rejected the disallowances under Section 40A(2)(b) due to lack of evidence. Case-Laws Income Tax Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407265