https://www.taxtmi.com/caselaws?id=421784 The Tribunal overturned the Commissioner's decision and allowed the appeal, determining that the legal and professional charges incurred should be considered as revenue expenditure. The Tribunal emphasized the significance of utilizing professional services in business activities and clarified that the failure in a specific venture does not diminish the legitimacy of such expenses. en-us Fri, 29 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 08:43:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421784 The Tribunal overturned the Commissioner's decision and allowed the appeal, determining that the legal and professional charges incurred should be considered as revenue expenditure. The Tribunal emphasized the significance of utilizing professional services in business activities and clarified that the failure in a specific venture does not diminish the legitimacy of such expenses. Case-Laws Income Tax Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421784