2021 (5) TMI 587

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lant : Shri Devender Jain- Ld. AR For the Respondent : Shri Satya Dinisetty- Ld. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER):- 1. By way of this application, the assessee seek recall / rectification of order passed in captioned appeal on 13/11/2019. The assessee's appeal has been partly allowed for statistical purposes. 2.1 The Ld. AR submitted that Ground No.1 relating to app....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e same, the bench failed to consider the fact that property tax of earlier years and BEST deposits were capitalized with property and claimed against sale proceeds. Further, the issue of allowability of remaining expenditure has been sent back without considering the relevant evidences submitted by the assessee in the paper-book. 2.3 The Ld. DR, on the other hand, submitted that there was no mi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....2012-13 was placed on record. Similar was the observation of Ld. CIT(A) in the impugned order. Hence, the observation of the bench in para-4 of the order. Therefore, we do not find any mistake in the order, on this issue. 4. Regarding allowance of property tax and BEST deposit (electricity), the fact that the expenditure was capitalized or not, would not be much germane to decide the deductibil....