https://www.taxtmi.com/caselaws?id=300946 The Appellate Tribunal ruled in favor of the assessee in a case concerning the deductibility of expenditure for constructing an "Express Feeder" as revenue expenditure and the disallowance of additional depreciation on specific items. The Tribunal held that the expenditure for the feeder was deductible as revenue expenditure, based on agreements and legal precedents, and allowed the depreciation and additional depreciation on the disputed items. The appeal by the assessee was upheld, while the Revenue's appeal was dismissed, clarifying the treatment of such expenses and depreciation claims for tax purposes. en-us Mon, 25 Aug 2014 00:00:00 +0530 Sat, 05 Mar 2022 07:56:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300946 The Appellate Tribunal ruled in favor of the assessee in a case concerning the deductibility of expenditure for constructing an "Express Feeder" as revenue expenditure and the disallowance of additional depreciation on specific items. The Tribunal held that the expenditure for the feeder was deductible as revenue expenditure, based on agreements and legal precedents, and allowed the depreciation and additional depreciation on the disputed items. The appeal by the assessee was upheld, while the Revenue's appeal was dismissed, clarifying the treatment of such expenses and depreciation claims for tax purposes. Case-Laws Income Tax Mon, 25 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300946