TMI Blog2020 (1) TMI 1143X X X X Extracts X X X X X X X X Extracts X X X X ..... nditure - expenditure been incurred for legal assistance taken by the assessee - HELD THAT:- There is a concurrent finding recorded by both CIT(Appeals) and as affirmed by the Tribunal that the expenditure has been incurred for the legal assistance taken by the assessee on day-to-day basis for the purpose of business. Such expenditure has been treated as revenue expenditure. We are not inclined t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n law and on facts in deleting the disallowance of ₹ 3,35,83,033/- made on account of disallowance u/s 14A r.w. Rule 8D of the Act? [B] Whether Appellate Tribunal has erred in law and on facts in deleting the disallowance of ₹ 21,98,169/- being Capital Expenditure? 3 We are inclined to take into consideration the question No.2[A], but, after reframing the question. Question N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has been incurred for legal assistance taken by the assessee on day-to-day basis for the purposes of business. Such expenditure in our view has been rightly treated as revenue expenditure by the CIT(A). the Ground No.2 of the Revenue's appeal thus is without any merit. 6 Thus, there is a concurrent finding recorded by both CIT(Appeals) and as affirmed by the Tribunal that the expenditure ..... X X X X Extracts X X X X X X X X Extracts X X X X
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