2020 (1) TMI 827

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..... venue expenditure - the same has been held against the Appellant-Revenue. Expenditure u/s. 37(1) - whether expenses were preoperative in nature and hence not admissible as expenditure u/s. 37(1) ? - whether Tribunal was justified in allowing the expenses incurred u/s. 37(1)? - HELD THAT:- Issue considered and held against the Appellant-Revenue in M/S RELIANCE HOME STORE LTD [ 2019 (6) TMI 142 .....

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..... ions of law :- (A) Whether on the facts and in circumstances of the case and in law, the Hon ble Tribunal has erred in deleting disallowance in respect to expenses incurred in the preoperative period towards the project development cost, the assessee had treated the same expenditure as revenue for I.T. purposes whereas for all other purposes and laws it has treated the expenditure .....

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..... question was considered in Income Tax Appeal No.892 of 2014 and Income Tax Appeal No.948 of 2014 and by order dated 5 July, 2017 the same has been held against the Appellant-Revenue. 6. As regards the second question raised, it was considered and held against the Appellant-Revenue in Income Tax Appeal No.197 of 2017. 7. In the circumstances, no substantial question of .....

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