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2017 (5) TMI 353 - AT - Income TaxDisallowance of depreciation on Business Development rights - Held that:- Except for raising this ground, the assessee has failed to bring on record before us any material evidence to establish its claim for being allowed depreciation @25% on business development rights and controvert the findings of the authorities below. In this view of the matter we find no reason to interfere with or deviate from the judicious findings of the learned CIT(A) in rejecting the assessee’s claim for being allowed depreciation @25% on business development rights. Consequently, ground No. 1 of Assessee’s appeal is dismissed. Disallowance of claim for set off of brought forward losses under section 72A(6) r.w.s. 47(xiv) Proviso (c) - Held that:- Except for raising this ground, the assessee has failed to controvert the findings of the authorities below and thereby establish with material evidence that its claim for being allowed set off of brought forward losses under section 72A(6) r.w.s. 47(xiv) of the Act is in order. In this view of the matter, we find no reason to interfere with the judicious decision rendered by the learned CIT(A) in rejecting the assessee’s claim for being allowed set off of brought forward losses under section 72A(6) r.w.s. 47(XIV) of the Act. Consequently, ground No. 2 of the assessee’s appeal is dismissed. Disallowance of Market Intelligence Collection Charges - Held that:- Except for raising this ground, the assessee has failed to bring on record material evidence to controvert the findings of the learned CIT(A) and thereby establish with material evidence that its claim for being allowed expenditure incurred on market intelligence collection charges is in order and was to be allowed. In this view of the matter, we find no reason to interfere with the decision rendered by the learned CIT(A), in sustaining the disallowance in respect of the assessee’s claim for market intelligence collection charges to the extent of ₹ 31,00,093/- @ `50/- per customer. - Decided against assessee.
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