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2022 (2) TMI 977 - AT - Income TaxAddition of capital expenditure in the form of intangibles - HELD THAT:- We noticed that the coordinate bench of the Tribunal in the case of Flipkart India Private Ltd. for AY 2015-16 [2018 (5) TMI 337 - ITAT BANGALORE] on the identical issue under consideration here held that the action of the Revenue cannot be sustained, as the Revenue has disregarded the book results and has presumed that the assessee had incurred expenditure in creating intangibles assets/brand or goodwill is without any basis. Tribunal held that the loss declared by the assessee in the return of income should be accepted by the AO and action of disallowing the expenses is without any basis. - Appeal of revenue dismissed.
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