2011 (7) TMI 1371

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....ani ORDER P.C. 1. Heard. 2. Three questions of law are raised by the revenue in this appeal: (i) Whether on the facts and in the circumstances of the case and in law, the Hon'ble Tribunal is right in directing the A.O to allow the assessee's claim of expenditure incurred on oil and gas fields of Rs. 62,69,042/- as revenue expenditure without appreciating the fact that ....

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....el for the parties state that similar question raised by the revenue in assessee's own case, being Tax Appeal (L) No.921 of 2006, has been rejected by this court vide order dated 16.10.2008. In this view of the matter, the first question cannot be entertained. 4. As regards question (ii) is concerned, the dispute relates to allowing depreciation on the written down value of assets taken ove....