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2015 (12) TMI 192 - AT - Income TaxAdditions on account of capitalization of pre-commencement of expenses pertaining to a project under consideration - CIT(A) deleted the addition - Held that:- ACIT vs. Ashima Syntex Ltd.(2008 (10) TMI 298 - ITAT AHMEDABAD-B) has held that so far as corporate advertisement expenses, computer software expenses, public relation expenses quota expenses, sales promotion expenses, fixed deposit expenses and exhibition expenses are concerned, those expenses should be allowed in the year in which they are incurred. In the case in hand, the assessee has claimed expenditure in the year those were incurred. The AO disallowed on the ground that the expenditure related to the pre-commencement of the business. However, the ld.CIT(A) deleted the disallowance. In the light of the judgement of the Hon'ble Apex Court rendered in the case of Taparia Tools Ltd. vs. Jt.CIT (2015 (3) TMI 853 - SUPREME COURT) and decision of the Coordinate Bench in the case of ACIT vs. Ashima Syntex Ltd.(supra), we do not see any reason to interfere with the order of the ld.CIT(A), same is hereby upheld. - Decided against revenue Disallowance u/s.40(a)(ia) - CIT(A) deleted the addition - Held that:- We have heard the rival submissions, perused the material available on record and gone through the orders of the authorities below as well as the judgement relied upon by the parties. There is no dispute with regard to the fact that there was no finding for treating the assessee to be in default by the concerned AO. Therefore, in view of the judgement of the Hon'ble High Court of Delhi in the case of CIT vs. Ansal Land Mark Township(P) Ltd. [2015 (9) TMI 79 - DELHI HIGH COURT] we do not see any reason to interfere with the order of the ld.CIT(A), same is hereby upheld. - Decided against revenue
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