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2015 (9) TMI 963 - HC - Income TaxEntitlement to deduction under section 80P(2)(iii) - Held that:- Once the claim was never made by the Assessee before the Assessing Officer, the same would not arise for consideration in the present appeal.In view of the above finding, question No.(a) does not arise. Denying deduction on account of interest on stiky loans being the interest doubtful of recovery - Held that:- The same is covered against the assessee by the decision rendered by this Court in The Shahabad Cooperative Sugar Mills Limited vs. CIT, Aayakar Bhawan, Sector 13, Karnal(2013 (10) TMI 1350 - PUNJAB & HARYANA HIGH COURT). Amount spent on repair and maintenance of the building and construction of boundary wall thereof was held to be capital expenditure - Held that:- The amount spent on repair and maintenance of the building and construction of boundary wall thereof was held to be capital expenditure. It was noticed that the amount had been spent for the purchase of ACC sheets, dryer and construction of boundary wall. Learned counsel for the assessee was unable to substantiate that the said expenditure would qualify as revenue expenditure in the facts and circumstances of the present case
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