https://www.taxtmi.com/caselaws?id=412911 The tribunal upheld the order of the Ld. CIT(A) and dismissed the appeal, concluding that the claim for deferred revenue expenditure and pre-operative expenses was not meritorious under the Income Tax Act. The expenses were deemed to be revenue expenses without creating any capital asset or identifiable over future periods, thus not meeting the criteria for allowance. The argument for consistency was rejected due to the absence of scrutiny in prior years. en-us Thu, 23 Sep 2021 00:00:00 +0530 Thu, 30 Sep 2021 09:20:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412911 The tribunal upheld the order of the Ld. CIT(A) and dismissed the appeal, concluding that the claim for deferred revenue expenditure and pre-operative expenses was not meritorious under the Income Tax Act. The expenses were deemed to be revenue expenses without creating any capital asset or identifiable over future periods, thus not meeting the criteria for allowance. The argument for consistency was rejected due to the absence of scrutiny in prior years. Case-Laws Income Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412911