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2016 (7) TMI 1085 - AT - Income TaxExpenses incurred towards Capacity Builder - revenue or capital expenditure - nature of expenditure - Held that:- As per para-7(1) of the agreement, the main responsibility of capacity builder was to provide a handbook to each MSPC containing various information and also to provide information for readymade mixes. Considering these facts, in our considered opinion, whatever benefit is accruing to the assessee from the capacity builder cannot be considered as a capital asset and therefore, the impugned expenditure cannot be considered as capital expenditure. We find no merit in the impugned order passed by the ld. CIT and we quash the same. - Decided in favour of assessee.
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