2020 (1) TMI 827

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.... P.C.:- Heard learned counsel for the parties. 2. The Appeal pertains to the Assessment Year 2010-2011. 3. The learned counsel for the Respondent has handed over copies of the decisions rendered in the Respondent-Assessee's own case for other assessment years wherein the questions of law raised in the present Appeal have been considered by this Court. 4. In this Appeal the Appellant....

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.... not admissible as expenditure u/s. 37(1) of the Act thereby allowing the assessee undue benefit and inadmissible benefit u/s. 37(1) of the Act, giving rise to a substantial question of law as envisaged by the Hon'ble Supreme Court in the case of Vijay Kumar Talwar vs. CIT in 330 ITR (1)(SC) ?" 5. As regards the first question of law regarding the project development cost to be treated as capit....