Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2003 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (7) TMI 20 - HC - Income TaxBusiness expenditure - "1. Whether, Tribunal was justified in allowing the claim of the assessee in respect of depreciation, power charges, engine-hire, despite the fact that business remained closed during the relevant accounting year? - 2. Whether, Tribunal was justified in deleting the disallowance of claim of expenditure incurred on medical treatment of Shri R. K. Golecha, M. D., in the USA, despite the fact that the expenditure was in the nature of 'personal expenditure' of Shri Golecha?" - We answer the first question that the assessee is entitled for deduction in respect of power charges and engine-hire charges. However, the assessee is not entitled for depreciation. Question No. 2 we answer in the negative i.e., in favour of the Revenue and against the assessee.
|