2023 (11) TMI 39

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....l with Mr Pratyaksh Gupta, Jr. Standing Counsel and Ms Deeksha Gupta, Adv. For the Respondent Through: Ms Kavita Jha with Mr Himanshu Aggarwal, Advs. RAJIV SHAKDHER, J. (ORAL): 1. This appeal concerns Assessment Year (AY) 2011-12. 2. Via the instant appeal, the appellant/revenue seeks to assail the order dated 30.04.2020 passed by the Income Tax Appellate Tribunal [in short, "Tribunal"....

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....short, "Act"]. 4.1 This very issue has been decided by us today in an appeal concerning the respondent/assessee in ITA No. 329/2023. The relevant observations made therein read as follows: "...3. The sole ground on which the impugned order is sought to be assailed before us is that the deduction qua bad debts acquired by the respondent/assessee from its predecessor-in-interest, i.e., E....

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....y turned bad. 6. The Commissioner of Income Tax [in short, "CIT(A)"] via his order dated 20.11.2015 has ruled in favour of the respondent/assessee. 6.1 This view has been sustained by the Tribunal. 7. According to us, this issue is no longer res integra, given the factual matrix arising in the instant matter and in view of the judgment rendered by the Supreme Court in Co....

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.... 5. As regards the second issue, the record shows that the AO had treated the training expenses as a third kind of expense, i.e., deferred revenue expenditure. 5.1 This view was taken based on the conclusion that the training expenses incurred by the respondent/assessee were expenses which resulted in skill development of the technicians. 5.2 Consequently, the AO allowed as deduction only ....