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2023 (10) TMI 1446
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....E HON'BLE MR. JUSTICE T.G. SHIVASHANKARE GOWDA FOR THE APPELLANTS : BY SHRI. E. I. SANMATHI, STANDING COUNSEL FOR THE RESPONDENT : BY SHRI. R. V. EASWAR , SENIOR ADVOCATE FOR SHRI. S. SHARATH, ADVOCATE JUDGMENT This appeal by the Revenue, directed against the order dated June 27, 2018 in ITA No. 1209/Bang/2017 passed by the ITAT Income Tax Appellate Tribunal has been admitted to consid....
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....ion of Hospital business were transferred in one go, individual assets / liabilities were not assigned any value and agreement itself mentions it as "Slump Sale". 3. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in holding that the amount spent on projects for establishing and operating hospitals is revenue expenditure though the same was in the n....
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.... failed to provide break-up of expenditure and the assessee had failed to substantiate its claims that it pertains to issue of bonus shares / debentures? 6. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in setting aside the disallowance of Rs.25,34,10,284/- towards non-recoverable projects cost by holding that the expenditure is in the nature of r....
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....ed Senior Advocate for the Assessee. 3. Question Nos. 1 and 4 are covered by the judgment of this Court in ITA No. 817/2018. Question No. 2 is covered by the judgment in ITA No. 816/2018. Question Nos. 3 and 6 are covered by the judgment in ITA No. *822/2018. Question No. 7 is covered by the judgment in ITA No. 820/2018. 4. Questions No. 1, 2, 3, 4, 6 have been answered in favour of the asse....