Commissioner Of Income Tax v. Kinetic Engineering Ltd

bgp IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1020 OF 2009 Commissioner of Income Tax Vs. Kinetic Engineering Ltd. ..Appellant ..Respondent Mr.Vimal Gupta for appellant. Mr.S.N.Inamdar for respondent. CORAM :- V.C.DAGA & J.P.DEVADHAR,JJ. 17TH SEPTEMBER, 2009 DATE : P.C. 1.Heard. Perused appeal. 2.Learned Counsel appearing on behalf of the respondent pointed out that the very same issue was involved in the appeal pertaining to A.Y.1991-92 to 1994-95 and the finding recorded by the assessee has been accepted by the Department. He has also brought to our notice the finding of fact based on appreciation of evidence. So far as advertisement expenses are concerned, they are rightly held to be business expenditure. In this view of the matter, we are of the considered view that the view taken by the Tribunal is a reasonable and possible view. No fault can be found with the same. Hence, the appeal stands dismissed for want of substantial question of law with no order as to costs. (J.P.DEVADHAR,J.) (V.C.DAGA,J.)