https://www.taxtmi.com/caselaws?id=307877 The ITAT Mumbai upheld the CIT(A)'s decision to treat product registration charges as revenue expenditure for the assessment year 2009-10. The ITAT emphasized that the charges did not result in the acquisition of new assets and only facilitated the smooth operation of the existing business. Additionally, the ITAT supported the CIT(A)'s ruling to admit additional evidence related to purchases during assessment proceedings, stating it was in compliance with applicable rules. The ITAT's decision favored the assessee, dismissing the revenue's appeal and affirming the CIT(A)'s decisions on both issues. en-us Wed, 26 Oct 2016 00:00:00 +0530 Sun, 14 May 2023 12:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307877 The ITAT Mumbai upheld the CIT(A)'s decision to treat product registration charges as revenue expenditure for the assessment year 2009-10. The ITAT emphasized that the charges did not result in the acquisition of new assets and only facilitated the smooth operation of the existing business. Additionally, the ITAT supported the CIT(A)'s ruling to admit additional evidence related to purchases during assessment proceedings, stating it was in compliance with applicable rules. The ITAT's decision favored the assessee, dismissing the revenue's appeal and affirming the CIT(A)'s decisions on both issues. Case-Laws Income Tax Wed, 26 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307877