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TMI Blog2019 (2) TMI 649X X X X Extracts X X X X X X X X Extracts X X X X ..... cided against the Revenue and the appeals are dismissed as against the said question of law, i.e., in respect of lease equalization charges. Deduction of 1/10th of the share issue expenses - the provisions of amortization under Section 35D applied only to the primary issue of shares and in respect of subsequent share issues, the expenditure had to be disallowed as capital expenditure - Held tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NT T.S.SIVAGNANAM, J. These tax case appeals, filed by the Revenue under Section 260A of the Income-tax Act, 1961 (hereinafter referred to as the Act ), are directed against the common order passed by the Incometax Appellate Tribunal Chennai Bench 'C', Chennai, dated 22.12.2010, in I.T.A.Nos.1735 1736/Mds/2004 and 1879/Mds/2005 for the assessment years 1998-99, 1998-99 and 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... come as well as in the computation of Book profits under Section 115JA? T.C.(A) No.340 of 2011:- Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal was right in deleting the disallowance of lease equalization charges amounting to ₹ 1,02,78,803/- in the computation of Book profits under Section 115JA? T.C.(A) No.341 of 2011:- Wheth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ls are dismissed as against the said question of law, i.e., in respect of lease equalization charges. 5.So far as the first substantial question of law in T.C.(A) No.339 of 2011 is concerned, the Tribunal has allowed the same on the ground that such expenses were allowed in the assessment years 1990-91/1993-94 and 1/10th of the same was allowed 8/5 years out of 10 years till the assessment year ..... X X X X Extracts X X X X X X X X Extracts X X X X
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