2014 (8) TMI 948

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....i r Sehgal ORDER T. R. Sood (Accountant 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 ....

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....ion amounting to Rs. 53,61,543 but the same was disallowed 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 t....