https://www.taxtmi.com/caselaws?id=27852 The court held that the expenditure incurred by the assessee-company was revenue in nature, favoring the assessee. The Tribunal's decision to treat the expenditure as revenue was justified based on the analysis of the agreements and relevant legal principles. The court concluded that the expenditure was related to the profit-making process and not for acquiring any capital assets, thus determining it as revenue expenditure. en-us Fri, 22 Jun 1984 00:00:00 +0530 Tue, 16 Feb 2010 13:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27852 The court held that the expenditure incurred by the assessee-company was revenue in nature, favoring the assessee. The Tribunal's decision to treat the expenditure as revenue was justified based on the analysis of the agreements and relevant legal principles. The court concluded that the expenditure was related to the profit-making process and not for acquiring any capital assets, thus determining it as revenue expenditure. Case-Laws Income Tax Fri, 22 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27852