2024 (4) TMI 505

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..... e and not as capital expenditure - as decided by HC [ 2022 (9) TMI 1576 - MADRAS HIGH COURT] methodology adopted by the Revenue is perfectly correct for the simple reason that it is not disputed that the amount has been shown as expenditure and that the payment has been made to the Managing Director and the amount has been received by the beneficiary only for the subsequent Assessment Year, which .....

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..... dv. Mr. Mohd Aman Alam, Adv. Ms. M.B.Ramya, Adv. Mr. Karthik Jayashankar, Adv. Mr. Anshumaan Bahadur, Adv. Mr. P.B.Sashaankh, Adv. For the Respondent : Mr. N Venkatraman, A.S.G. Mr. Raj Bahadur Yadav, AOR Mr. Shashank Bajpai, Adv. Ms. Monica Benjamin, Adv. Mr. Sridhar Potaraju, Adv. Mr. Vishnu Shankar Jain, Adv. Mr. Parth Yadav, Adv. ORDER UPON hearing the counsel the Court made the following. Hav .....

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