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If there is no revenue loss then department should not question the year of allowability of expenses
Case Law Details
- Case Name
- Commissioner Of Income Tax Vs M/s Vishnu Industrial Gases P. Ltd. (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Where the department had not disputed that the expenditure was deductible in principle but was only disputing the year in which the deduction could be allowed HELD, castigating the department, that as the tax rates were the same in both years, the department should not fritter away its energies in raising questions as to the year of deductibility/taxability.
CIT vs. Nagri Mills 33 ITR 681 (Bom) followed
FULL TEXT OF THE JUDGMENT
In The High Court of Delhi at New Delhi , ITR No. 229/1988 , Decided on: 6th May, 2008
COMMISSIONER OF INCOME TAX ….Applicant
DELHI-III, NEW D...
