Acquiring Exclusive Vendor Status Considered Capital Expenditure, Transaction Nomenclature Deemed Irrelevant in Assessment Reopening.

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....Reopening of assessment - Nomenclature of a transaction is immaterial while deciding the true nature of the transaction. Thus no hesitation to hold that the expenditure incurred by the assessee company in acquiring exclusive vendor status in terms of the agreement entered into by it is nothing but capital expenditure - AT....