https://www.taxtmi.com/caselaws?id=59648 The Tribunal upheld the decisions of the AO and CIT(A) in classifying the payment to Maharashtra Industrial Development Corporation (MIDC) as capital expenditure and the interest paid to Bank of Baroda as capitalized. The Tribunal emphasized that the expenditures resulted in the creation of assets or advantages for the enduring benefit of the trade, aligning with established principles distinguishing between capital and revenue expenditure. en-us Mon, 27 Dec 2004 00:00:00 +0530 Fri, 31 Dec 2010 13:06:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59648 The Tribunal upheld the decisions of the AO and CIT(A) in classifying the payment to Maharashtra Industrial Development Corporation (MIDC) as capital expenditure and the interest paid to Bank of Baroda as capitalized. The Tribunal emphasized that the expenditures resulted in the creation of assets or advantages for the enduring benefit of the trade, aligning with established principles distinguishing between capital and revenue expenditure. Case-Laws Income Tax Mon, 27 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59648