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2020 (1) TMI 827 - HC - Income TaxNature of expenditure - expenses incurred in the preoperative period towards the project development cost - revenue or capital expenditure - HELD THAT:- Question of law as considered in M/S. RELIANCE FOOT PRINT LIMITED [2017 (7) TMI 611 - BOMBAY HIGH COURT] expenditure to be revenue expenditure - the same has been held against the Appellant-Revenue. Expenditure u/s. 37(1) - whether expenses were preoperative in nature and hence not admissible as expenditure u/s. 37(1) ? - whether Tribunal was justified in allowing the expenses incurred u/s. 37(1)? - HELD THAT:- Issue considered and held against the Appellant-Revenue in M/S RELIANCE HOME STORE LTD [2019 (6) TMI 1427 - BOMBAY HIGH COURT]
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