https://www.taxtmi.com/caselaws?id=411502 The Tribunal upheld the Ld. CIT(A)'s decision to allow professional expenses as revenue expenditure, citing business expansion and existing business connection. The Tribunal also supported the Ld. CIT(A)'s decision to treat expenses for business expansion as revenue expenditure, rejecting the Revenue's argument for capitalization. Additionally, the Tribunal upheld the deletion of disallowed expenses by the AO, emphasizing the legal basis and factual considerations. The Tribunal dismissed the Revenue's appeal, affirming the Ld. CIT(A)'s orders based on established legal principles and precedents. en-us Fri, 23 Jul 2021 00:00:00 +0530 Thu, 16 Sep 2021 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411502 The Tribunal upheld the Ld. CIT(A)'s decision to allow professional expenses as revenue expenditure, citing business expansion and existing business connection. The Tribunal also supported the Ld. CIT(A)'s decision to treat expenses for business expansion as revenue expenditure, rejecting the Revenue's argument for capitalization. Additionally, the Tribunal upheld the deletion of disallowed expenses by the AO, emphasizing the legal basis and factual considerations. The Tribunal dismissed the Revenue's appeal, affirming the Ld. CIT(A)'s orders based on established legal principles and precedents. Case-Laws Income Tax Fri, 23 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411502