2010 (12) TMI 1300

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eal is admitted on the following substantial questions of law in relation to the assessment year 1998-1999;- i) Whether the Tribunal erred in declining to allow the depreciation in the sum of Rs. 32,64,692/- in entirety in respect of the long-term leasehold properties including the one for perpetuity and restricting the depreciation only with regard to capital expenditure for any structure by w....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Section 14A of the I.T. Act deeming it as incurred in relation to earning exempt dividend income and further that the Proviso to that section precludes such disallowance of expenditure ? iv) Whether the Tribunal should have held that the assessee's plea for a direction for alternative relief to the extent of the deferred liability for excess collection of processing charges in the sum of Rs. 32....