2015 (10) TMI 818

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....ts : Mr C S Aggarwal, Senior Adv. With Mr Prakash Kumar, Adv ORDER 1. This appeal by the Revenue is directed against the impugned order dated 20th February, 2015 passed by the Income Tax Appellate Tribunal (' ITAT') in ITA No.4776/Del/2010 for Assessment Year ('AY') 2006-07. 2. The two issues sought to be projected by the Revenue in this appeal concerns (a) the disallowanc....

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....nformation about any appeal having been filed by the Revenue against the orders of the ITAT for those years. 4. Although a statement has been made in the memorandum of appeal that appeals are "learned to have been filed" in this Court by the Revenue in respect of the ITAT's orders for AYs 2003-04 and 2004-05, Mr N. P. Sahni, learned Senior Standing Counsel, candidly states that he has no de....

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....002-03, for e.g., the expenditure incurred on advertisement and publicity, the stand of the Revenue that they should be treated as deferred revenue expenditure was not accepted by this Court. In its decision in CIT v. Citi Financial Consumer Finance Ltd. (2011) 335 ITR 29 (Del) for AYs 2001-02, 2002-03, the Court held that "in the income-tax law, there is no concept of deferred revenue expenditure....