Commissioner of Income-tax v. Dlf Universal Ltd
[Citation -2015-LL-0416-44]
Citation | 2015-LL-0416-44 |
---|---|
Appellant Name | Commissioner of Income-tax |
Respondent Name | Dlf Universal Ltd. |
Court | HIGH COURT OF DELHI AT NEW DELHI |
Relevant Act | Income-tax |
Date of Order | 16/04/2015 |
Assessment Year | 1991-92 |
Judgment | View Judgment |
Keyword Tags | admissible expenditure • question of law • sale of plot |
Bot Summary: | This matter is taken up today along with ITA No.1136/2009 as the same question of law is involved. Learned counsel for the parties submitted that the present appeal also involves the same question i.e. relating to payment of brokerage on sale of plots but for the Assessment Year 1991-92. We notice that the question of law framed in this appeal on 23.03.2006 is in identical terms with the fourth question of law framed in ITA 1136/2009 i.e. disallowance of certain amount of 68,58,406/- which was originally claimed by the assessee on account of brokerage payment on sale of plots. This Court has in ITA 1136/2009, affirmed the findings of the Income Tax Appellate Tribunal that such brokerage is an admissible expenditure since it was incurred in the same year. Following the same reason, the question of law framed in the present appeal too is answered against the revenue and in favour of the assessee. |