https://www.taxtmi.com/caselaws?id=298631 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) and dismissed all appeals by the Revenue, ruling that the expenditure on lease premises should be classified as revenue expenditure. The Tribunal found that the expenditure was for the business purposes of the assessees and not for acquiring a capital asset, referencing precedents and judgments to support its conclusion. The judgment was issued on 12th July 2018 in Chennai. en-us Thu, 12 Jul 2018 00:00:00 +0530 Sat, 13 Nov 2021 20:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298631 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) and dismissed all appeals by the Revenue, ruling that the expenditure on lease premises should be classified as revenue expenditure. The Tribunal found that the expenditure was for the business purposes of the assessees and not for acquiring a capital asset, referencing precedents and judgments to support its conclusion. The judgment was issued on 12th July 2018 in Chennai. Case-Laws Income Tax Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298631