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2018 (8) TMI 1713 - AT - Income TaxNature of expenditure - expenses on implementing the “Project Disha” and “Project Eagle” - revenue or capital expenditure - purpose of the project - Held that:- The object of the project ‘EAGLE’ was identical to one project ’DISHA’ and the expenditures were incurred by way of legal and professional fee paid to Accenture and consultancy a leading firm in that field. The purpose of the project was to achieve excellence in the promotion of the company on a transformable basis so that the company becomes leader in the formulation business. CIT(A) has passed a very reasoned order treating the same as revenue in nature and we therefore do not find any reason to deviate from the findings of Ld. CIT(A)- decided against revenue
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