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2005 (1) TMI 84 - HC - Income TaxExpenses such as stationery, printing, books and periodicals, general expenses, miscellaneous expenses, advertisement expenses, application fee, etc., - Commissioner of Income-tax (Appeals) and the Appellate Tribunal directing disallowance of 25 per cent. of the amount on the ground that these expenses could not be capitalized - Submission of the assessee was that the expenditure incurred for certain items such as stationery, printing, books, periodicals, general was not capitalised and hence the finding on that issue needs to be set aside and the case be remanded for fresh look on this issue. We find no merit in this submission. - issue in regard to this expenditure whether taken as deferred revenue expenditure or capitalised expenditure was expressly gone into by the Assessing Officer in his order and accordingly benefit to the extent of Rs. 40,000 as deferred revenue expenditure and 75 per cent as capitalised expenditure was extended. This was then upheld up to the Tribunal. In this view, the challenge on this issue really does not survive, as being entirely confusing or misconceived in nature.
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