9911796707
TMI Blog2011 (2) TMI 359X X X X Extracts X X X X X X X X Extracts X X X X ..... . Mukhi and Ms. Jyoti, Advocates for the respondent. AJAY KUMAR MITTAL, J. The paper-book of this case has not been received from the concerned Branch as the same is said to have burnt in the fire incident that took place in the premises of this Court on the night of 30th of January, 2011. Learned counsel for the appellant has made available two copies of paper-book to the Court fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ef, necessary for adjudication as narrated in the appeal, are that the respondent-assessee is manufacturer of leather and non-leather shoes. The assessee filed return for the assessment year in question declaring income of Rs. 3,03,15,470/- on 28.11.1997. The assessing officer made disallowances and additions and treated the investment of Rs. 1,28,280/- on Neon Sign Boards as expenditure of capita ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ties and have perused the record. 6. The only issue in this appeal that calls for adjudication is regarding nature of the expenses incurred by the assessee on the glow sign boards. According to the revenue, the expenses incurred on that account are capital in nature whereas the assessee has claimed it to be revenue expenditure. 7. The issue is no longer res integra This Court in Co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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