Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (11) TMI 1193 - AT - Income TaxAddition made on account of advertisement expenses - revenue v/s capital expenditure - CIT(A) deleted the addition - Held that:- Facts in the instant case are identical to the facts in the case of assessee itself for the preceding year i.e. Assessment Year 2008-09 and for the reasons given therein, he concluded that even balance 25% of expenditure is also allowable as revenue in nature in the year under consideration. Since the impugned expenditure was treated as revenue in nature, the alternative condition does not survive and accordingly, the claim of depreciation thereon was rejected. Addition made on account of recruitment and training expense - revenue v/s capital expenditure - CIT(A) delted the addition - Held that:- The expenditure incurred by the assessee on advertisement having been treated partly as revenue in nature balance 25% should not have been treated as deferred revenue expenditure and it is allowable in the year in which it was incurred. In the light of decision of ITAT in assessee’s own case we have no alternative except to hold that the order passed by Ld. CIT(A) is in accordance with law being in consonance with the view taken by ITAT in assessee’s own case for the earlier year. We, therefore, dismiss the appeal filed by revenue.
|