2012 (11) TMI 676

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.... Choudhary, Piyush Poddar, Miss Darshana Poddar, & Amrita Sinha, Advocates Heard learned counsel for the parties. 2.Four questions have been raised by the appellant/revenue in this Tax Appeal No. 13 of 2001 which are as follows:- (1) "Whether on the facts and in the circumstances of the case, the Tribunal was justified in law in treating part of guest house expenditure as revenue expenditure un....

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....n on sale off assets/surveyed off assets for the assessment year 1990-91 Rs. 39,42,000/- in the light of the provisions of section 43(6) and section 50 of the Income Tax Act?" 3. Learned counsel for both the parties submitted that question Nos. 1, 2 and 4 have already been answered by this Court in Tax Appeal No. 14 of 1999(R) (Commissioner of Income Tax Vs. M/s. Central Coalfields Limited) vide ....