https://www.taxtmi.com/caselaws?id=304886 The Tribunal allowed the appeal, ruling in favor of the assessee, directing the capitalization of preoperative expenses allocated to fixed assets. The expenses were deemed capital in nature, aligning with legal precedents such as Food Specialties Limited and Lucas-TVS Limited (No.2). The proportionate allocation method used by the assessee was considered fair and reasonable, leading to the decision in favor of the assessee. en-us Sun, 13 Nov 2005 00:00:00 +0530 Fri, 04 Nov 2022 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304886 The Tribunal allowed the appeal, ruling in favor of the assessee, directing the capitalization of preoperative expenses allocated to fixed assets. The expenses were deemed capital in nature, aligning with legal precedents such as Food Specialties Limited and Lucas-TVS Limited (No.2). The proportionate allocation method used by the assessee was considered fair and reasonable, leading to the decision in favor of the assessee. Case-Laws Income Tax Sun, 13 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304886