2018 (5) TMI 1097

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....E MR.JUSTICE AKIL KURESHI) 1. Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal dated 22.09.2017, raising following questions for our consideration: "[A] Whether the Tribunal is correct in law and on facts in setting aside the matter on the issue of disallowance of the claim of provision for doubtful debt of Rs. 31,57,448/and provision for doubtful advances....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ided by the Assessing Officer and Commissioner of Income Tax (Appeals). We see no error in the order of the Tribunal and therefore, there is no question of asking the Assessing Officer to decide it again in light of the said judgment. Even the Revenue's representative before the Tribunal had raised no objection to this modality. No question of law in this respect arises. 4. The second issue....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....(1) would include goodwill. The assessee therefore seeks depreciation on such investment. 5. The Assessing Officer rejected the claim only on the ground that the assessee has not filed revised return and without filing revised return, such additional claim cannot be entertained. 6. In appeal, the Commissioner of Income Tax (Appeals) dismissed the claim on merits. He was of the opinion that t....