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2017 (12) TMI 367 - HC - Income TaxPayment of registration fee to be equitable to an intangible asset - Held that:- We find that the finding of the Tribunal is not supported by reasons, especially on the factual aspect as to what is the effect of payment of the registration fee for acquiring such a licence. That apart, the assessee's alternate claim that it should be treated as a revenue expenditure has also been negatived by the Assessing Officer. We find that the Assessing Officer, has not given independent reason as to why the alternate submission of the assessee is not accepted. Therefore, we find that the finding of the Tribunal in paragraph 13 on the second issue, in our considered opinion, has been rendered without going into the commercial aspect of the effect of the registration fee paid by the assessee, which, even according to the Assessing Officer, is a huge expense. Remand the matter to the Assessing Officer for fresh consideration.
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