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2013 (11) TMI 1241 - ITAT MUMBAI
Expenditure incurred on rural development - Held that:- AO directed to allow the expenditure of ₹ 5,85,508/- incurred on rural development. - Decided in favor of assessee.
Expenses incurred on buy back of shares, claimed as revenue expense - Held that:- The fact that the expenditure is of revenue nature has not been disputed by the CIT(A), who has disallowed the same because according to the CIT(A), there were no cogent reasons - AO directed to allow the expenses. - Decided in favor of assessee.