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2018 (10) TMI 1107 - AT - Income TaxBusiness expenditure and claim of depreciation - disallowance on the ground that assessee has not carried out business activities. - CIT(A) also rejected the assessee’s alternate claim that the expenses were allowable U/s 57(iii) - Assessee submitted that the Ld. CIT(A) had decided the identical issues regarding allowability of business expenses and regarding allowability of depreciation in favour of the assessee for Assessment Year 2013-14; which was accepted by Revenue and no appeal was filed by Revenue. The Ld. Counsel for Assessee further submitted that in Assessment Year 2014-15, the Assessing Officer himself allowed the business expenses as well as depreciation on the aforesaid issues. It was further submitted by the Ld. Counsel for Assessee that the disputed issues in the present appeal before us, in ITAT, are squarely covered in favour of the assessee by virtue of order of ITAT, Delhi Benches, Delhi in assessee’s own case. Held that:- following the decision in the earlier case which is accepted by the revenue, decided in favor of assessee.
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