Itta/270/2014 Of The Commissioner Of Income Tax-I v. A.p.meat Development Corporation Ltd

HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAANDHON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A.No.270 of 2014 Date: 17-04-2014 Between: The Commissioner of Income Tax-IHyderabad .....Appellant AND A.P. Meat Development Corporation Ltd.,Hyderabad. ...Respondent HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAANDHON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A.No.270 of 2014 JUDGMENT:(per Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta ) We have heard the learned Counsel for the appellant andgone through the judgment and order of the learned Tribunal. In this case, the learned Tribunal on a concurrent fact-finding has held that the liability to pay the amount to the L.I.C. hadin fact crystallized during the year under consideration and theexpenditure has been incurred by the assessee on the direction ofthe Government of Andhra Pradesh. Therefore, the genuineness ofthe expenditure cannot be doubted and in this view, it is anexpenditure though relatable to the earlier year, the same isallowable in the year under consideration and since the liability toincur the same has arisen and crystallized. We, therefore, do notfind any element of law to decide this appeal. Accordingly, the appeal is dismissed. No order as to costs. ___________________ K.J. SENGUPTA, CJ __________________ SANJAY KUMAR, J