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2012 (5) TMI 391 - AT - Income TaxRevenue expenditure or capital expenditure - expenses incurred for acquiring the shares of other company treating - held that:- there was no clarity in the material facts relevant to the acquisition of shares made by the assessee in relation to which the impugned expenses were claimed to be incurred. - the assessee, therefore, was required by us to clarify the factual position. The material facts of the case relevant to the issue under consideration have not been appreciated by the authorities below in the right perspective. This might have happened because of the lack of clarity in the submissions made on behalf of the assessee and the factual position has become clear only when the factual contradictions were brought to the notice of the learned counsel for the assessee by us and explanation was sought from him to clarify the position. Claim of the assessee company needs to be examined afresh in the light of clear factual position which has now emerged at this stage. - matter remanded back to AO.
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