https://www.taxtmi.com/caselaws?id=298125 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the addition of Rs. 6,66,30,684/- on account of project expenses. It found the expenses were revenue in nature, incurred wholly and exclusively for business purposes, and deductible under Section 37(1) of the Income Tax Act. The decision aligned with previous judicial precedents and the Delhi High Court's rulings, emphasizing the business expediency of the expenses for the assessee's operations. The order was pronounced on 08/08/2019. en-us Thu, 08 Aug 2019 00:00:00 +0530 Wed, 13 Oct 2021 08:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298125 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the addition of Rs. 6,66,30,684/- on account of project expenses. It found the expenses were revenue in nature, incurred wholly and exclusively for business purposes, and deductible under Section 37(1) of the Income Tax Act. The decision aligned with previous judicial precedents and the Delhi High Court's rulings, emphasizing the business expediency of the expenses for the assessee's operations. The order was pronounced on 08/08/2019. Case-Laws Income Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298125