9911796707
TMI Blog2020 (7) TMI 440X X X X Extracts X X X X X X X X Extracts X X X X ..... iture on construction of building on lease hold land/building and this was specifically mentioned and claimed as a revenue expenditure. The assessment was completed after examining the computation statement and break-up details furnished by the assessee. After taking into consideration these facts and the fact that the assessment was reopened beyond a period of four years and also after conside ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... enue and Mr.A.S.Sriraman, learned counsel appearing for the respondent assessee. With consent of the learned counsel on either side, the appeal itself is taken up for final disposal. 2. The appeal has been admitted on 02.4.2014 on the following substantial questions of law : 1. Whether, under the facts and circumstances of the case, the Income Tax Appellate Tribunal was right in setting ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent dated 30.12.2011. Aggrieved by the same and more particularly the expenses incurred on the cost of construction of building on the lease hold building/land, the appellant preferred an appeal before the Commissioner of Income Tax (Appeals)-I, Coimbatore [for brevity, the CIT(A)]. Ultimately, the CIT(A), by order dated 02.11.2012, allowed the appeal filed by the assessee. 4. As against the or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... original assessment, which showed the expenditure on construction of building on lease hold land/building and this was specifically mentioned and claimed as a revenue expenditure. The assessment was completed after examining the computation statement and break-up details furnished by the assessee. After taking into consideration these facts and the fact that the assessment was reopened beyond a p ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
