Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (10) TMI 575 - HC - Income TaxIssues not raised before Tribunal Held that:- The issues which are not raised before the Tribunal could not be raised in front of HC thus, the primary three issues needs to be set aside Decided against revenue. Classification of expenses Revenue expenses or not - Amount paid to Rajapalayam Mills Ltd. for the purpose of construction of Kalyanamandapam - Held that:- Assessee paid an amount to the workers on the occasion of Founder's day Centenary Celebration and that was treated as revenue expenditure - The AO was of the view that the amount paid by the assessee for the construction of Kalyanamandapam along with other Group Companies for the benefit of workers is to be treated as Donation and it should not be treated as Revenue Tribunal took a different view and held in favour of the Assessee - assessee agreed that in the SLP before the SC the claim of the revenue is accepted, therefor the case of the revenue is accepted Decided in favour of revenue.
|