https://www.taxtmi.com/caselaws?id=466531 Disallowance of expenses incurred for expansion of a training centre was upheld because the assessee did not establish that the institute commenced training activity for the counterparty; consequently those costs could not be treated as revenue expenditure and were disallowed. The tribunal agreed that amounts shown as capital work in progress should be capitalised and directed the Assessing Officer to allow depreciation on the total capital cost from the year the assets are put to use. The appeal was partly allowed to the extent of permitting depreciation when the assets become operational. en-us Thu, 27 Feb 2025 00:00:00 +0530 Wed, 11 Feb 2026 14:03:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466531 Disallowance of expenses incurred for expansion of a training centre was upheld because the assessee did not establish that the institute commenced training activity for the counterparty; consequently those costs could not be treated as revenue expenditure and were disallowed. The tribunal agreed that amounts shown as capital work in progress should be capitalised and directed the Assessing Officer to allow depreciation on the total capital cost from the year the assets are put to use. The appeal was partly allowed to the extent of permitting depreciation when the assets become operational. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466531