https://www.taxtmi.com/caselaws?id=425524 The tribunal allowed the assessee's appeal on all issues, including the disallowance of depreciation claims for furniture and fixtures, commercial vehicles, loss on foreign exchange, and treatment of legal and professional expenses as capital in nature. The tribunal set aside the decisions of the lower authorities and ruled in favor of the assessee, determining that the expenses were revenue in nature and should be allowed as claimed. en-us Wed, 15 Jun 2022 00:00:00 +0530 Mon, 25 Jul 2022 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425524 The tribunal allowed the assessee's appeal on all issues, including the disallowance of depreciation claims for furniture and fixtures, commercial vehicles, loss on foreign exchange, and treatment of legal and professional expenses as capital in nature. The tribunal set aside the decisions of the lower authorities and ruled in favor of the assessee, determining that the expenses were revenue in nature and should be allowed as claimed. Case-Laws Income Tax Wed, 15 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425524