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2014 (4) TMI 712 - HC - Income TaxValidity of dismissal of revenue’s appeal and admission of Cross objection – No claim of deduction on purchase of land - Held that:- The Tribunal rightly dismissed the appeal of the revenue as the assessee had not claimed any deduction of the sum of Rs.42,36,000/- invested in purchasing the land - there was no reason why the addition was made by the assessee – but, the cross objection filed by the assessee was wrongly allowed by the Tribunal on the ground that no expenditure had really been claimed with respect to the amounts disallowed by the AO - When an expenditure of a revenue nature was incurred and shown as work in progress, it could not be said that the provisions of section 40(a)(ia) were not attracted – thus, the order of the Tribunal is modified – Decided partly in favour of Revenue.
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