9911796707
TMI Blog2002 (10) TMI 10X X X X Extracts X X X X X X X X Extracts X X X X ..... f amalgamation of the sister concern with the assessee-company is allowable revenue expenditure?" - Whether, Tribunal has not erred in law in holding that a sum of Rs. 20,000 out of motor car expenses is not disallowable as personal and non-business use of motor car in the hands of the assessee? - Whether Tribunal is right in law in holding that the assessee is entitled to the depreciation as clai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (2) Whether, on the facts and in the circumstances of the case, legal and professional expenses of Rs. 22,518 in respect of amalgamation of the sister concern with the assessee-company is allowable revenue expenditure or capital expenditure?" Mr. J. P. Shah, learned advocate, has appeared for the assessee and Mr. M. R. Bhatt, learned standing counsel has appeared for the Revenue. Learned couns ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Revenue, i.e., the legal and professional expenses in respect of amalgamation are allowable as revenue expenditure. The following questions have been referred to this court at the instance of the Revenue: At the instance of the Revenue. "(1) Whether, on the facts and in the circumstances of the case, the Appellate Tribunal has not erred in law in holding that a sum of Rs. 20,000 out of motor ..... X X X X Extracts X X X X X X X X Extracts X X X X
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