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2022 (11) TMI 370 - AT - Income TaxNature of expenses - upfront fee and other charges - Revenue or capital expenditure - whether payment towards loan for acquisition of plant and machinery which is providing enduring benefit to the assessee? - CIT(A) deleted the addition - HELD THAT:- As decided in Hon'ble Supreme Court in the case of Shri Rama Multi Tech Ltd. [2017 (4) TMI 669 - SUPREME COURT] expenditure towards payment of interest and loans taken for setting up industries by the assessee and financial charges , upfront fee , professional expenses etc. are allowable as revenue expenditure , we do not find any infirmity in the order of the Ld. CIT ( A ) on this issue. Accordingly, the grounds raised by the revenue are dismissed.
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