1997 (8) TMI 16

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....he instance of the Department, the Tribunal referred the following two questions for the opinion of this court under section 256(2) of the Income-tax Act, 1961 : "(i) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal has rightly held that the expenditure of Rs. 33,800 incurred by the assessee-company in providing extra amenities in the lease-hold prem....

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....h construction work. The Committee undertook to bear the expenditure up to Rs. 64,000. If additional facilities were required, the same would have to be provided by the assessee itself at its cost. The total cost of construction worked out to Rs. 97,880. So the assessee claimed the balance amount of Rs. 33,800 as revenue expenditure. The Income-tax Officer considering the same as capital in nature....