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2014 (8) TMI 684 - PUNJAB AND HARYANA HIGH COURTAdvertisement and sales promotion expenses u/s 37 – Incurred wholly and exclusively for business purposes or not – Held that:- The Tribunal was rightly of the view that the assessee did not furnish any details and evidence regarding the assets written off and receivables and in the absence of any basis the order of the CIT(A) cannot be interfered – Decided against Assessee. Claim of depreciation on warehouse - Held that:- The Tribunal rightly upheld the order of the order of the CIT(A) that the assessee claimed depreciation on Central Warehouse at Saharanpur office in the light of the submissions for the assessment year 2004-05 - However, in the preceding year, no such disallowance was made - the assessee itself in terms of the agreement leased out all its assets to Liberty Shoes Ltd. while no material has been placed in order to controvert the findings of the CIT(A) nor any evidence reflecting use of the premises by the assessee so as to enable to take a different view – Decided against Assessee. Payment of property tax – Held that:- The Tribunal was rightly of the view that the assessee had paid the property tax for the buildings which had been hired out to Liberty Shoes Ltd. and this fact had been admitted by the assessee - no evidence was that the properties were used for the purpose of the business of the assessee - There is no material to show that the assessee is the owner of the properties nor any such claim was made before us nor appears to have been made before the lower authorities – Decided against Assessee.
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