TMI Blog2012 (11) TMI 851X X X X Extracts X X X X X X X X Extracts X X X X ..... not being shares, do not attract Sec 8 of the Act - decided in favour of Revenue. Disallowing the entirety of the expenditure of foreign tour of Rs. 83,54,857/-, overruling the allowance by the CIT (Appeals) of Rs. 41,92,429/- being 50% thereof and in disregard of its own order for such allowance under similar circumstances in the past - held that:- In regard to previous judgement in assessee's ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nly with regard to capital expenditure for any structure by way of addition and/or alteration ? II. Whether on the facts and in the circumstances of the case the Tribunal erred in holding that the dividend of Rs. 1,38,46,144/- declared on the units of U.T.I. after purchase of the units by the assessee but before their registration in the name of the assessee as the transferee, accrued to the ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of law formulated in Clause (I). With regard to the questions of law formulated in Clauses (II) and (III) it appears that the same questions of law had been agitated on behalf of the appellant assessee in I.T.A. No. 302 of 2003 in relation to the assessment year 1993-94. By judgement and order dated 17.05.2012 we decide the said questions as against the appellant assessee and in favour of the re ..... X X X X Extracts X X X X X X X X Extracts X X X X
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