Nature of expense not changes due to treatment of same in books of account

ITAT DELHI ITA No. 2111/Del/2010 Assessment Year: 2006- 07 ACIT Vs. Parablic Drugs Ltd. ORDER PER I.P. BANSAL, J.M. This is an appeal filed by the revenue. It is directed against the order passed by ld. CIT(A) dated 24.02.2010 for A.Y. 2006-07. Grounds of appeal read as under: – 1. “That on the facts and circumstances of the case and in law the ld. CIT(A) erred in deleting the addition of Rs. 7,10,95,947/- made by the AO on account of dis-allowance of  expenditure on R&D being capital in nature. 2. That on the facts and in the circumstances of the case, the l...