https://www.taxtmi.com/caselaws?id=347495 The High Court dismissed Income Tax Appeal No. 508 of 2001, challenging the order of the Income Tax Appellate Tribunal for the assessment year 1996-1997. The Court determined that the expenditure for acquiring rerecording rights did not constitute revenue expenditure under Section 35A, leading to the dismissal of the appeal. Additionally, Income Tax Appeal No. 1010 of 2007 was dismissed based on the findings of the Assistant Commissioner and the time-barred appeal against the Tribunal's order. The High Court refrained from interference, leaving the question of law open for future consideration. en-us Mon, 28 Aug 2017 00:00:00 +0530 Tue, 05 Sep 2017 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347495 The High Court dismissed Income Tax Appeal No. 508 of 2001, challenging the order of the Income Tax Appellate Tribunal for the assessment year 1996-1997. The Court determined that the expenditure for acquiring rerecording rights did not constitute revenue expenditure under Section 35A, leading to the dismissal of the appeal. Additionally, Income Tax Appeal No. 1010 of 2007 was dismissed based on the findings of the Assistant Commissioner and the time-barred appeal against the Tribunal's order. The High Court refrained from interference, leaving the question of law open for future consideration. Case-Laws Income Tax Mon, 28 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347495