TMI BlogNature of expenses - Litigation expenses - Revenue or capital expenditure - In the present facts, since...Nature of expenses - Litigation expenses - Revenue or capital expenditure - In the present facts, since assessee has no interest in the ownership of the asset but he is in possession of the asset for conducting its business, the litigation expenditure incurred is only to protect his business and, therefore, the same is revenue expenditure. Accordingly, the litigation expenditure incurred by the assessee is revenue expenditure and not capital expenditure. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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