TaxTMI 
TaxTMI 
2023 (10) TMI 1446
X X X X Extracts X X X X
X X X X Extracts X X X X
....HANKARE 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 consider following questions of law: 1. Whe....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 nature of capital expenditure and agreement was terminated?....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 revenue expenditure even though the expenditure on the construction / expansi....