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2018 (5) TMI 1628 - AT - Income TaxNature of expense revenue or capital - enduring benefit or not - expenses incurred in the process of setting-up new retail outlets. - Project Development Expenditure - Capital work in progress - Held that:- the expenditure is on account of salaries, machinery and other repairs, travelling and conveyance, professional fee, electricity expenses, telephone expenses, etc - which clearly shows its revenue nature - though it is debited in the books of account as capital work-in-progress, that the same have been claimed as revenue expenditure u/s 37(1) - as per the case of Taparia Tools Ltd. vs JCIT, [2015 (3) TMI 853 - SUPREME COURT] appeal of revenue is dismissed - decided in favor of assessee.
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