2007 (10) TMI 660

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..... al questions of law are framed for consideration:- a) Whether the Income Tax Appellate Tribunal was correct in law in allowing the compensation amounting to ₹ 1,10,55,194/- paid by the assessee to its clients for surrendering the allotment of space over and above the cost of shops/space as revenue expenditure b) Whether the Income Tax Appellate Tribunal was correct in law in allowing t .....

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..... espite the fact that the assessee had claimed credit of tax deducted by the tenants in its return e) Whether the Income Tax Appellate Tribunal was correct in law in allowing advertisement expenses of ₹ 17,64,940/- as revenue expenditure despite the fact that the assessee was following completed contract method of accounting The Revenue has also raised a question with regard to brokerag .....

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..... . Moreover, we cannot reopen a settled issue, particularly when the Revenue appears to have accepted the decision dated 8th January, 2004 of the Division Bench. We, therefore, cannot entertain the argument of the learned counsel that certain grounds were not considered by the Division Bench. In the circumstances, we are of the opinion that questions no. (f) and (g) as formulated by the Re .....

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