2017 (3) TMI 876

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....he following questions of law for our consideration :- "(i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in allowing depreciation on goodwill as the assessee had not claimed it in subsequent years? (ii) Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in holding that the expenses incurred on buy pack of shares is revenue in nature? (iii) Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in holding that the premium on redemption of debentures should be allowed in full, in the year of redemption? (iv) Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in ho....

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..... (Income Tax Appeal No.5512/Mum/2007). The Revenue being aggrieved with the order of the Tribunal in Grindwell Norton Ltd. (supra)challenged the same before this Court in CIT v/s. Grindwell Norton Ltd. (Income Tax Appeal No.694 of 2012) decided on 24th December, 2014. The appeal of the Revenue was dismissed as not giving rise to any substantial questions of law. (b) No distinguishing features in the present case from that which arose before this Court in Grindwell Norton Ltd. (supra) is pointed out to us which would justify a different view. Thus, the question as proposed stands concluded against the Revenue by the decision of this Court in Grindwell Norton Ltd. (supra). (c) Accordingly the question as proposed does not give rise to ....