2007 (10) TMI 660

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....ORDER Admit. The following substantial questions of law are framed for consideration:- a) Whether the Income Tax Appellate Tribunal was correct in law in allowing the compensation amounting to ₹ 1,10,55,194/- paid by the assessee to its clients for surrendering the allotment of space over and above the cost of shops/space as revenue expenditure b) Whether the Income Tax Appellate Tribuna....

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....assessee to the space owners despite the fact that the assessee had claimed credit of tax deducted by the tenants in its return e) Whether the Income Tax Appellate Tribunal was correct in law in allowing advertisement expenses of ₹ 17,64,940/- as revenue expenditure despite the fact that the assessee was following completed contract method of accounting The Revenue has also raised a questi....