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2002 (8) TMI 93 - HC - Income TaxDepreciation, Business Expenditure, Disallowance, Expenditure On Sales Promotion - "1. Whether the Income-tax Appellate Tribunal was justified in law in holding that depreciation allowance under section 32 of the Income-tax Act, 1961, was not allowable to the appellant-company in respect of the property purchased from Punjab Financial Corporation? - 2. Whether the Income-tax Appellate Tribunal was justified in law in disallowing Rs. 75,000 out of sales promotion expenses in the absence of any material to support it?" - there is no material on record to show that any part of the sales promotion expenditure was incurred for non-business purposes. The Tribunal has not given any basis whatsoever while confirming the disallowance to the extent of Rs. 75,000. All that the Tribunal observed was that the disallowance of Rs. 75,000 under this head will meet the ends of justice. The approach of the Tribunal in dealing with this aspect of the matter was erroneous and cannot be sustained.
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