2002 (9) TMI 290

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..... Dec., 1991, declaring nil income. While processing the return of income under s. 143(1)(a) of the IT Act, some adjustments of Rs. 4,12,720 were made to the total income returned as the expenditure was in the nature of capital expenditure. On receipt of intimation, the assessee filed petition under s. 154 requesting to rectify the mistake. An amount of Rs. 4,12,720 was stated to have been incurre .....

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..... the AO. The same issue has been reiterated before us by the learned authorised representative Shri Ullas Kini whereas the learned Departmental Representative Shri Sudheendra has supported the orders of the authorities below. The learned counsel has further submitted before us that the expenditure of Rs. 4,12,720 incurred by the assessee was revenue in nature because the expenditure incurred relate .....

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