Itta/145/2002 Of Commissioner Of Incometax Hyd v. S.radhaswamy
High Court
12 Aug 2014 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/145/2002 Of Commissioner Of Incometax Hyd v. S.radhaswamy
Date of order
12 Aug 2014
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Itta/145/2002 Of Commissioner Of Incometax Hyd v. S.radhaswamy, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Issue: The only question that arises for consideration, in thisappeal, is as to whether the amount spent by the assessee for renovationof an item of immovable property must be treated as revenue expenditureor capital expenditure.
Decision: Following the same, we dismiss the present appeal.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HON'BLE SRI JUSTICE L. NARASIMHA REDDYANDTHE HON'BLE SRI JUSTICE T. SUNIL CHOWDARY
I.T.T.A.No.145 of 2002
JUDGMENT:(Per Justice L.Narasimha Reddy)
This appeal is directed against the order, dated 23.08.2001, passedby the Hyderabad Bench of the Income Tax Appellate Tribunal in I.T.A.No.500/H/1996. The only question that arises for consideration, in thisappeal, is as to whether the amount spent by the assessee for renovationof an item of immovable property must be treated as revenue expenditureor capital expenditure.
Sri S.R. Ashok, learned senior counsel appearing for the IncomeTax Department, fairly submitted that in I.T.T.A. No.35 of 2002, this Courtpassed an order on 11.02.2014 holding that it deserves to be treated asrevenue expenditure.
Following the same, we dismiss the present appeal. There shall beno order as to costs. As a sequel, miscellaneous applications, if any,pending in this appeal shall stand closed.
___________________________
L. NARASIMHA REDDY, J
Date: 12.08.2014.Kvsn/Ys
_________________________
T. SUNIL CHOWDARY, J
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