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2013 (2) TMI 629 - HC - Income TaxRevenue or capital expenditure - amount spent for acquisition of membership of the clubs - held that:- the concurrent finding arrived at by the appellate authority and the Income-tax Appellate Tribunal that the expenditure incurred for acquisition of membership of the club is revenue expenditure, is justified and cannot at all said to be perverse or arbitrary so as to call for interference in this appeal. - Decision of Apex Court in Empire Jute Co. Ltd.'s case [1980 (5) TMI 1 - SUPREME COURT] and decision of HC in CIT v. Wipro Systems [2009 (11) TMI 402 - KARNATAKA HIGH COURT] followed. - Decided in favor of assessee. Expenditure on ISO-9001 certificate - held that:- the certificate would only certify that the procedure followed by the assessee in the manufacture and the quality maintained during manufacture is in accordance with the standard prescribed. - held as revenue in nature - Decision in CIT v. Perot Systems TSI (India) Ltd. [2010 (9) TMI 108 - DELHI HIGH COURT] followed - Decided in favor of assessee.
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