2018 (12) TMI 704

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....ppellant Mr. Madhur Agrawal a/w Mr. P.C. Tripathi i/by Raj Darak for the Respondent   P.C.: 1. Income Tax Appeal No. 883 of 2016 is not on board. As the said appeal involves the same assessee and identical question of law as in Income Tax Appeal No. 842 of 2016 which is on board today, by consent of both the learned counsel, we have taken Income Tax Appeal No. 883 of 2016 on board al....

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....ure is two fold. Firstly, as per the Revenue, the assessee had in its books of accounts treated the expenditure as "capital work-in-progress" and secondly, according to the Revenue, the expenditure was in the nature of 'pre-operative expenditure' and therefore, should have been capitalized. 4. The Tribunal, by the impugned order, overruled both the objections of the Revenue. With respec....