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2010 (1) TMI 4 - HC - Income TaxNature of Expenses - . The assessee had shown expenditure as deferred revenue expenditure in its books. However, it had claimed it as revenue expenditure in its return. The Assessing Officer had disallowed the same and the Commissioner of Income-tax (Appeals) had confirmed the disallowance. The total extent of disallowance was Rs 31,54,846/-. The Income-tax Appellate Tribunal has allowed the deduction on the ground that, although the said sum had been shown differently in the books, the same was allowable as per law. – held that - we are of the view that no interference whatsoever is called for with regard to the expenses incurred after 30.05.2000 which are in the sum of Rs 23,35,481/-. But, with regard to the balance sum of Rs 8,19,365/-, which are expenses for the pre-commencement period, we find that there is no discussion with regard to this in the impugned order - However, we are not inclined to interfere with the impugned order because the tax effect in respect of the said expenditure of Rs 8,19,365/- would be less than Rs 4 lakhs
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