https://www.taxtmi.com/caselaws?id=409929 The Tribunal held that expenses on design and technical consultancy for improving the product constitute capital expenditure, providing enduring benefits rather than day-to-day running costs. The principle of consistency was deemed inapplicable, as prior allowance of similar expenses as revenue expenditure lacked detailed examination. The Tribunal dismissed the appeals, allowing depreciation on the capitalized expenses but denying their treatment as revenue expenditure. en-us Thu, 15 Jul 2021 00:00:00 +0530 Tue, 20 Jul 2021 10:13:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409929 The Tribunal held that expenses on design and technical consultancy for improving the product constitute capital expenditure, providing enduring benefits rather than day-to-day running costs. The principle of consistency was deemed inapplicable, as prior allowance of similar expenses as revenue expenditure lacked detailed examination. The Tribunal dismissed the appeals, allowing depreciation on the capitalized expenses but denying their treatment as revenue expenditure. Case-Laws Income Tax Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409929