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2012 (6) TMI 205 - AT - Income TaxRevenue expenditure or capital expenditure - treatment of an expenditure - Product Development Expenses - In the account books, the said expenditure had been treated as a deferred revenue expenditure whereas the same was claimed as a revenue expenditure in the course of assessment proceedings - expenditure was incurred on testing and validation of the products already manufactured and sold by the assessee – Held that:- , before addressing the legal aspects of the controversy, it is imperative that the complete and true particulars of the expenditure are culled out. - matter remanded back.
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