2015 (1) TMI 474

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..... The present appeal is directed against the order dated 30.05.2014 passed by the Tribunal in ITA No.1264/Ahd/2006, whereby the appeal is partly allowed. 2. We have heard Mr. M.R. Bhatt, learned advocate for the appellant. 3. As per the appellant following substantial questions of law arise for determination of this Court. The same can be reproduced as under:     &nbsp....

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....stimated profit on WIP when assessee followed percentage completion method of accounting?" 4. We may consider pointwise submission of the learned advocate for the appellant. 5. Concerning to point question A, the discussion of the Tribunal is at para 7.3 of the order. The Tribunal in turn finds that considering the necessity and on the ground of commercial expediency, if the expenditure is i....

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.... house. In his submission the Tribunal committed an error in holding the expenses as revenue expenditure and not the capital expenditure. 7. We do not find any substance in the contention for the reason that it was not a matter where the project not at all concerning the regular business of the assessee, was to be established like in case of the above referred decision upon the reliance has bee....

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....e of software programmes was not for resale of such software or for further sale of software but was for the use of software in running day to day business of the assessee. 10. We do not find any error committed by the Tribunal in finding that such expenses were revenue expenses. 11. On the 3rd question, the discussion by the Tribunal is at para 10.2 of the impugned order. As per the Tribuna....