https://www.taxtmi.com/caselaws?id=295662 The appeal against the Commissioner of Income-tax (A)'s order under section 11 of the Income-tax Act, 1961 for the assessment year 2006-07 focused on the application of income for building construction expenditure. The Commissioner upheld that capital expenditure could be considered as income application under section 11(1)(a) based on established judicial precedents. The Revenue's appeal, challenging the allowance of such expenses, was dismissed as the Commissioner's decision was supported by past tribunal rulings and no contradictory decisions were presented by the Revenue. The judgment from the Hon'ble Uttrakhand High Court cited by the Revenue was deemed irrelevant to the present case, resulting in the dismissal of the appeal. en-us Fri, 26 Feb 2010 00:00:00 +0530 Mon, 14 Jun 2021 15:45:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295662 The appeal against the Commissioner of Income-tax (A)'s order under section 11 of the Income-tax Act, 1961 for the assessment year 2006-07 focused on the application of income for building construction expenditure. The Commissioner upheld that capital expenditure could be considered as income application under section 11(1)(a) based on established judicial precedents. The Revenue's appeal, challenging the allowance of such expenses, was dismissed as the Commissioner's decision was supported by past tribunal rulings and no contradictory decisions were presented by the Revenue. The judgment from the Hon'ble Uttrakhand High Court cited by the Revenue was deemed irrelevant to the present case, resulting in the dismissal of the appeal. Case-Laws Income Tax Fri, 26 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295662