https://www.taxtmi.com/caselaws?id=371558 The Tribunal dismissed the appeals of both the Revenue and the assessee for the assessment years 2010-11, 2011-12, and 2012-13. It upheld the CIT(A)'s decisions on allowing expenses as business expenditure and capitalizing consultancy charges. The issue of carry forward of unabsorbed depreciation was not pursued by the assessee at the CIT(A) level and was thus dismissed. The Tribunal recognized the expenses incurred were necessary for maintaining and preserving the hotel property owned by the assessee, despite the absence of active business operations. en-us Tue, 04 Dec 2018 00:00:00 +0530 Thu, 06 Dec 2018 05:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371558 The Tribunal dismissed the appeals of both the Revenue and the assessee for the assessment years 2010-11, 2011-12, and 2012-13. It upheld the CIT(A)'s decisions on allowing expenses as business expenditure and capitalizing consultancy charges. The issue of carry forward of unabsorbed depreciation was not pursued by the assessee at the CIT(A) level and was thus dismissed. The Tribunal recognized the expenses incurred were necessary for maintaining and preserving the hotel property owned by the assessee, despite the absence of active business operations. Case-Laws Income Tax Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371558