https://www.taxtmi.com/caselaws?id=414358 The tribunal partially allowed the appellant's appeals regarding the disallowance of miscellaneous expenditure and the treatment of revenue expenditure as capital. The tribunal reduced the ad hoc disallowance percentage and directed depreciation on certain assets, emphasizing the need for evidence and factual verification in tax assessments. The decision highlighted the importance of justifying expenses and recognizing the enduring nature of assets in determining their treatment for tax purposes. en-us Tue, 26 Oct 2021 00:00:00 +0530 Wed, 03 Nov 2021 09:31:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414358 The tribunal partially allowed the appellant's appeals regarding the disallowance of miscellaneous expenditure and the treatment of revenue expenditure as capital. The tribunal reduced the ad hoc disallowance percentage and directed depreciation on certain assets, emphasizing the need for evidence and factual verification in tax assessments. The decision highlighted the importance of justifying expenses and recognizing the enduring nature of assets in determining their treatment for tax purposes. Case-Laws Income Tax Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414358