2019 (4) TMI 1231

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....: 1. The Revenue is in Appeal against the judgment of the Income Tax Appellate Tribunal ("the Tribunal" for short). Following question is presented for our consideration : "1. Whether on the facts and circumstances of the case and in law, the Hon'ble ITAT was justified in quashing the order passed by CIT-8 u/s. 263 of the IT Act, 1961 without appreciating the facts of the case and ....

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.... expenditure. The Commissioner took the order of the assessment in revision under Section 263 of the Income Tax Act, 1961 ("the Act" for short) on the ground that the Assessing Officer had not carried out any enquiries as to the nature of expenditure being capital or not. The assessee carried the matter in Appeal before the Tribunal. The Tribunal, by the impugned judgment allowed the assessee'....