2015 (12) TMI 911

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..... i ) 1. Tax Appeal is filed by the revenue raising following questions for our consideration. (i) Whether, in the facts and circumstances of the case, the learned ITAT has erred in law and on facts in confirming the order of CIT (A) deleting the addition of Rs. 2,60,700/- made by the Assessing Officer after treating the expenses of stamp duty for pledge agreement and processing fees charged by t .....

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..... deleting disallowance of Rs. 63,51,462/- made by the Assessing Officer on account of seeds purchase expenses at higher rate from persons covered u/s 40A(2)(b) of the Income Tax Act? 2. Regarding question No.(i), the Tribunal confirmed the view of the CIT (Appeals). The Tribunal made following observations: "14. We have heard the rival submissions and perused the material on record. We find tha .....

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..... expenses were not reflected. The Tribunal in particular confirmed the view of the CIT(A) that mere quantum of expenditure would not be sufficient to treat as capital expenditure, inter-alia, on such grounds. The appeal of the revenue is dismissed. Here also, no question of law arises. 4. Regarding question No.(iii), assessee contended that machinery had become old and without changing the core ma .....

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