https://www.taxtmi.com/caselaws?id=302981 The Tribunal dismissed the appeal by the Revenue and the Cross Objection by the assessee. It upheld the CIT(A)'s decision to allow depreciation on the Geographical Report as an intangible asset but disallowed additional depreciation. Additionally, the Tribunal affirmed the CIT(A)'s ruling treating the expenditure on the link road as revenue expenditure, citing its facilitation of the assessee's business operations as the basis for allowing the expenditure under Section 37(1). en-us Thu, 30 Jun 2011 00:00:00 +0530 Mon, 27 Jun 2022 17:41:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302981 The Tribunal dismissed the appeal by the Revenue and the Cross Objection by the assessee. It upheld the CIT(A)'s decision to allow depreciation on the Geographical Report as an intangible asset but disallowed additional depreciation. Additionally, the Tribunal affirmed the CIT(A)'s ruling treating the expenditure on the link road as revenue expenditure, citing its facilitation of the assessee's business operations as the basis for allowing the expenditure under Section 37(1). Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302981