2011 (12) TMI 739

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....Anusha Khurana, Sr.DR. ORDER G.D.Agrawal, VP :  This appeal of the assessee is directed against the order of learned CIT(A) dated 8th April, 2011 for the assessment year 2007-08. 2. Ground No.1 of the assessee's appeal reads as under:- "On the facts and circumstances of the case, the learned CIT(A) has erred :- 1. (a) in not admitting the additional evidence in t....

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....icer treating the same as a capital expenditure. He submitted that the assessee derives income from the business of designing of software and consultancy. The assessee's clients are multinationals. During the accounting year relevant to the assessment year under consideration, assessee hired two properties on lease basis. The properties were very old and were not befitting for holding the office o....

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....icer never asked for the lease deed. He also stated that reference to lease deed would be essential for arriving at a proper conclusion whether the expenditure is in the nature of capital field or revenue field. He, therefore, submitted that the additional evidence may be admitted. 4. The learned DR strongly opposed to the admission of the additional evidence and she stated that the Assessing O....