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2010 (11) TMI 100 - HC - Income TaxRevenue expenditure or the Capital expenditure - The Assessing Officer held the view that the entire expenditure is to be the capital expenditure - In the case of CIT Vs. J.K. Synthetics Ltd., (2008 -TMI - 31861 - DELHI HIGH COURT)- BROAD PRINCIPLES WHICH EMERGE ON READING OF VARIOUS AUTHORITIES have been given in relation to constitute what is revenue and what is capital expenditre. Based on the fact of the case and order deliver by various courts has allocated 40% of the total expenditure would be capital expenditure and remaining 60% amount spent is revenue in nature - The order of the Tribunal is modified accordingly
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