https://www.taxtmi.com/caselaws?id=34351 The High Court, comprising ADARSH KUMAR GOEL and DAYA CHAUDHARY, JJ., upheld the Tribunal's decision to delete additions made by the Assessing Officer. The Court agreed that the expenses claimed by the assessee, including travelling, salary, and research and development expenses, were revenue expenses directly linked to the existing business activities. These expenses, particularly those incurred for acquiring technical know-how for manufacturing mopeds, were deemed legitimate and allowable as revenue expenses. Consequently, the Court ruled in favor of the assessee, affirming the legitimacy of the claimed expenses for enhancing business operations. en-us Mon, 17 Aug 2009 00:00:00 +0530 Sat, 05 Sep 2009 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34351 The High Court, comprising ADARSH KUMAR GOEL and DAYA CHAUDHARY, JJ., upheld the Tribunal's decision to delete additions made by the Assessing Officer. The Court agreed that the expenses claimed by the assessee, including travelling, salary, and research and development expenses, were revenue expenses directly linked to the existing business activities. These expenses, particularly those incurred for acquiring technical know-how for manufacturing mopeds, were deemed legitimate and allowable as revenue expenses. Consequently, the Court ruled in favor of the assessee, affirming the legitimacy of the claimed expenses for enhancing business operations. Case-Laws Income Tax Mon, 17 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34351