https://www.taxtmi.com/caselaws?id=57403 The Tribunal dismissed the revenue's appeal challenging the nature of expenditure paid to the Administrative Staff College of India and the treatment of shortages in the accounts. It upheld the decisions that the expenditure was of a revenue nature, not capital, and that the accounting treatment of shortages was justified, emphasizing the need for streamlining accounting procedures and acknowledging the assessee's good faith efforts. en-us Sat, 28 Jul 1984 00:00:00 +0530 Fri, 10 Dec 2010 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57403 The Tribunal dismissed the revenue's appeal challenging the nature of expenditure paid to the Administrative Staff College of India and the treatment of shortages in the accounts. It upheld the decisions that the expenditure was of a revenue nature, not capital, and that the accounting treatment of shortages was justified, emphasizing the need for streamlining accounting procedures and acknowledging the assessee's good faith efforts. Case-Laws Income Tax Sat, 28 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57403