TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tax Appeal Outcome: Partial win for Department as ITAT allows Rs. 10,000 as revenue expenditure.</h1> <h3>INCOME TAX OFFICER. Versus Shri VALLI VILAS MV PAVADAI CHETTIAR SONS.</h3> INCOME TAX OFFICER. Versus Shri VALLI VILAS MV PAVADAI CHETTIAR SONS. - TTJ 008, 168, The Department appealed against the AAC's order modifying the assessment of the assessee for the assessment year 1975-76. The dispute was over whether the expenditure of Rs. 38,509 incurred for show-cases and decorations was revenue or capital in nature. The ITAT Madras held that Rs. 10,000 was allowable as revenue expenditure, while the remaining Rs. 28,509 was capital expenditure eligible for depreciation. The appeal was allowed in part. (Case: Appellate Tribunal ITAT MADRAS-D, Citation: 1978 (3) TMI 138 - ITAT MADRAS-D)
TaxTMI 