https://www.taxtmi.com/caselaws?id=435956 The Assessee's claim of project expenses as revenue expenditure under the "Social & Rural Development Programme" was disputed by the Assessing Officer but allowed by the Commissioner and Tribunal. They deemed the expenses necessary for the business, qualifying as revenue expenditure under Section 37 of the Income Tax Act. The High Court upheld this view, emphasizing the direct connection of the expenditure to the Assessee's business activities. The Tribunal upheld the Commissioner's decision, dismissing the Revenue Department's appeal due to lack of contradictory evidence. en-us Thu, 16 Mar 2023 00:00:00 +0530 Fri, 31 Mar 2023 08:49:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435956 The Assessee's claim of project expenses as revenue expenditure under the "Social & Rural Development Programme" was disputed by the Assessing Officer but allowed by the Commissioner and Tribunal. They deemed the expenses necessary for the business, qualifying as revenue expenditure under Section 37 of the Income Tax Act. The High Court upheld this view, emphasizing the direct connection of the expenditure to the Assessee's business activities. The Tribunal upheld the Commissioner's decision, dismissing the Revenue Department's appeal due to lack of contradictory evidence. Case-Laws Income Tax Thu, 16 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435956