2018 (10) TMI 133

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....G.Usharani For the Respondent : No appearance JUDGMENT [Delivered by T.S.Sivagnanam, J.] This appeal by the Revenue is directed against the order dated 14.02.2005 of the Income Tax Appellate Tribunal Chennai, 'D' Bench, in ITA.No.297/Mds/1999 for the assessment year 1995-1996. 2.The appeal has been admitted on the following substantial question of law vide order dated 11.08.200....

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....fore, treated the expenditure as capital in nature. This finding was reversed by the Commissioner of Income Tax (Appeals), [in short 'CIT(A)'] vide order dated 19.11.1999 and confirmed by the Tribunal vide the impugned order. 5.The issue as to how such expenditure has to be treated is no longer res integra and has been decided by the Hon'ble Supreme Court in Commissioner of Income-t....