https://www.taxtmi.com/caselaws?id=419130 The Tribunal allowed the appeal filed by the assessee, ruling that security deposits written off for business purposes should be treated as revenue expenditure. The Tribunal emphasized that the deposits were essential for business operations, distinguishing them from capital expenditure. Consequently, the addition made by the Assessing Officer was directed to be deleted, supporting the assessee's grounds of appeal. en-us Fri, 13 Aug 2021 00:00:00 +0530 Fri, 04 Mar 2022 08:55:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419130 The Tribunal allowed the appeal filed by the assessee, ruling that security deposits written off for business purposes should be treated as revenue expenditure. The Tribunal emphasized that the deposits were essential for business operations, distinguishing them from capital expenditure. Consequently, the addition made by the Assessing Officer was directed to be deleted, supporting the assessee's grounds of appeal. Case-Laws Income Tax Fri, 13 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419130