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TMI Blog2018 (12) TMI 704X X X X Extracts X X X X X X X X Extracts X X X X ..... r a new business but was for the expansion of the existing business. The Tribunal relied upon its own decision in the case of Ms. Reliance Footprint Ltd. We noticed that the Revenue had challenged the judgment of the Tribunal in the case of Reliance Foot Print Limited came to be dismissed by this Court by judgment [2017 (7) TMI 611 - BOMBAY HIGH COURT]. The Tribunal correctly held both the issu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. 842 of 2016 which is on board today, by consent of both the learned counsel, we have taken Income Tax Appeal No. 883 of 2016 on board along with Income Tax Appeal No. 842 of 2016. 2. Facts being similar, we may refer from Income Tax Appeal No. 842 of 2016. This appeal is filed by the Revenue to challenge the judgment of the Income Tax Appellate Tribunal, Mumbai dated 9.9.2015. Following que ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... therefore, should have been capitalized. 4. The Tribunal, by the impugned order, overruled both the objections of the Revenue. With respect to the accounting entries, the Tribunal referred to and relied upon the decisions of the Supreme Court in the cases of Kedarnath Jute Manufacturing Co. Ltd reported in 82 ITR 363 (SC) and Taporia Tools Ltd Vs. JCIT reported in (2015)(55 taxmann.com 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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