2014 (8) TMI 948

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....ntant Member).- The appeal filed by the Revenue is directed against the order dated January 24, 2014, of the Commissioner of Income-tax (Appeals), Panchkula. 2. The grounds raised in this appeal by the Revenue are as under :              1. On the facts and in the circumstances of the case the learned Commissioner of Income-tax (Appeal....

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....sallowed because the assessee had also claimed the cost of acquisition of assets towards application of money. However, the learned Commissioner of Income-tax (Appeals) allowed the claim by following the decision of the hon'ble Punjab and Haryana High Court in the case of CIT v. Market Committee, Pipli [2011] 330 ITR 16 (P&H). 4. Before us the learned Departmental representative strongly supp....