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2015 (12) TMI 374 - AT - Income TaxAddition on account of preoperative expenses - CIT(A) deleted the addition - Held that:- As decided in assessee's own case [2014 (12) TMI 64 - DELHI HIGH COURT] none of the expenses mentioned therein are of personal in nature; and the said expenses are of revenue in nature. Even otherwise, the assessee has capitalized all the exploration cost and the same have been reflected as "capital work for progress" in the balance-sheet. The assessee has only claimed deduction of the expenses which have been incurred for day to day operation of the business which are eligible for deduction U/S 37(1) of the Act. Since the assessee has claimed deduction only in relation to the expenditure of revenue in nature in the Profit and Loss Account, we find no infirmity in the reasoned order of the ld CIT(A), therefore, we confirm the finding of the ld CIT(A) on this ground and dismiss the said ground of appeal of the revenue - Decided in favour of assessee.
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