Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (9) TMI 822 - PUNJAB AND HARYANA HIGH COURTAddition on account of deferred revenue expenditure - AO observed that the assessee is to be allowed depreciation instead of deferred revenue expenditure claimed by the assessee. - Decision of ITAT - held that:- No substantial question of law - in favor of assessee. Addition on account of bogus purchase - The Commissioner of Income-tax (Appeals) after appreciating the evidence on record had arrived at the conclusion that the purchases made by the assessee were genuine and not bogus as viewed by the Assessing Officer. The aforesaid findings of the Commissioner of Income-tax (Appeals) recorded were affirmed in appeal by the Tribunal. - held that:- Revenue could not show or point out any material or error of law in the findings of fact so arrived at by the appellate authorities below to persuade this court to interfere therewith in any manner. - Decided in favor of assessee and against the revenue.
|