https://www.taxtmi.com/caselaws?id=467775 Expenditure incurred for implementing Project Eagle was held to be revenue in nature because it related to the assessee's existing business, the facts were identical to an earlier year, and no new capital asset or enduring capital advantage was shown. Legal and professional fees paid for advisory, strategy and research support to develop agribusiness opportunities were also treated as revenue expenditure, as the services furthered the existing business and did not create any capital asset or enduring benefit in the capital field. The additions and disallowance were therefore deleted in favour of the assessee. en-us Fri, 30 Nov 2018 00:00:00 +0530 Thu, 02 Apr 2026 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467775 Expenditure incurred for implementing Project Eagle was held to be revenue in nature because it related to the assessee's existing business, the facts were identical to an earlier year, and no new capital asset or enduring capital advantage was shown. Legal and professional fees paid for advisory, strategy and research support to develop agribusiness opportunities were also treated as revenue expenditure, as the services furthered the existing business and did not create any capital asset or enduring benefit in the capital field. The additions and disallowance were therefore deleted in favour of the assessee. Case-Laws Income Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467775