https://www.taxtmi.com/caselaws?id=57470 The Tribunal upheld the disallowance of deferred revenue expenditure in a proportional manner for assessment years 1982-83, 1983-84, and 1984-85. It confirmed that development expenses should be claimed in the years they were incurred as revenue expenditure, except for specific cases of amortization. The Tribunal allowed expenses for Communication Equipment proportionate to sales figures but disallowed expenses for the Cooker Extruder due to the lack of a link between the expenses and profit-earning. Additionally, the Tribunal classified the assessee as a non-industrial company for assessment year 1982-83 based on the main income source of clearing and forwarding charges. en-us Mon, 19 Jul 1993 00:00:00 +0530 Fri, 10 Dec 2010 13:02:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57470 The Tribunal upheld the disallowance of deferred revenue expenditure in a proportional manner for assessment years 1982-83, 1983-84, and 1984-85. It confirmed that development expenses should be claimed in the years they were incurred as revenue expenditure, except for specific cases of amortization. The Tribunal allowed expenses for Communication Equipment proportionate to sales figures but disallowed expenses for the Cooker Extruder due to the lack of a link between the expenses and profit-earning. Additionally, the Tribunal classified the assessee as a non-industrial company for assessment year 1982-83 based on the main income source of clearing and forwarding charges. Case-Laws Income Tax Mon, 19 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57470