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2002 (5) TMI 25 - HC - Income TaxCapital Or Revenue Expenditure, Expenditure On Renovation - "(i) On the facts and in the circumstances of the case and in view of the detailed findings of the Assessing Officer, whether the Tribunal was justified in law in treating the expenditure on extensive renovation and extension resulting in the new assets of enduring nature as revenue expenditure? - (ii) On the facts and in the circumstances of the case, whether the Tribunal was justified in allowing the commission payment as high as 20 per cent. to the managing director and senior executives without assessee's being able to establish the business exigency or expediency justifying the said payment?" - we find that the Tribunal has taken a possible view. No substantial question of law arises. Thus, we find no ground to interfere. - there is no merit in this appeal. It is, consequently, dismissed in limine.
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