9911796707
TMI Blog2020 (7) TMI 440X X X X Extracts X X X X X X X X Extracts X X X X ..... For Respondent : Mr. A.S. Sriraman Judgment was delivered by T.S. SIVAGNANAM,J We have heard Mr.T.R.Senthilkumar, learned Senior Standing Counsel and Ms.K.G.Usharani, learned Junior Standing Counsel appearing for the appellant - Revenue and Mr.A.S.Sriraman, learned counsel appearing for the respondent - assessee. With consent of the learned counsel on either side, the appeal itself is tak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 147 of the Income Tax Act, 1961 (for short, the Act) by order dated 31.12.2009. Subsequently, the assessment was reopened by the Assessing Officer under Sections 143(3) and 147 of the Act, which culminated in the order of assessment dated 30.12.2011. Aggrieved by the same and more particularly the expenses incurred on the cost of construction of building on the lease hold building/land, the appe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... view that the reasons assigned by the Tribunal for dismissing the appeal filed by the Revenue are perfectly justified. The Tribunal took note of the fact that the respondent - assessee filed computation statement along with the original assessment, which showed the expenditure on construction of building on lease hold land/building and this was specifically mentioned and claimed as a revenue expen ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
