2016 (10) TMI 1281

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....Mr Ketan Parikh, for the Opponent. ORAL ORDER  Mr. Akil Kureshi 1. Following question is suggested by the assessee : "Whether  on  the  facts  and  in the  circumstances  of  the case, the Tribunal was right in holding that the entire expenditure of Rs. 33,58,000/­ is not allowable in Asst. Year  2008­09 only  but&nbs....

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....ver disallowed the same in one year and held that it must be spread over a number of years of benefit of such restructuring proportionately. Therefore, the short question which is posed for the consideration of this Court is whether the Corporate Debt Restructuring expenses  of Rs. 82,14,000/­  was required to  be  allowed  in AY 2005­-06 and Rs. 39,19,000/­ in....