https://www.taxtmi.com/caselaws?id=413348 The Tribunal allowed the appeal, overturning the decision to disallow legal and professional charges as capital expenditure. It held that the expenses were essential for business operations and did not result in acquiring any asset or providing enduring benefits. The Tribunal considered them as revenue expenditures necessary for the ordinary course of business, directing the Assessing Officer to allow the deduction claimed towards these expenses. en-us Wed, 29 Sep 2021 00:00:00 +0530 Fri, 08 Oct 2021 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413348 The Tribunal allowed the appeal, overturning the decision to disallow legal and professional charges as capital expenditure. It held that the expenses were essential for business operations and did not result in acquiring any asset or providing enduring benefits. The Tribunal considered them as revenue expenditures necessary for the ordinary course of business, directing the Assessing Officer to allow the deduction claimed towards these expenses. Case-Laws Income Tax Wed, 29 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413348