C.I.T., Ludhiana v. M/s. Varinder Agro Chemicals Ltd
[Citation -2015-LL-0707-6]
| Citation | 2015-LL-0707-6 |
|---|---|
| Appellant Name | C.I.T., Ludhiana |
| Respondent Name | M/s. Varinder Agro Chemicals Ltd. |
| Court | SUPREME COURT |
| Relevant Act | Income-tax |
| Date of Order | 07/07/2015 |
| Judgment | View Judgment |
| Keyword Tags | capital or revenue expenditure |
| Bot Summary: | In view of the order passed in Civil Appeal No.5682 of 2008, we have considered the facts of the case and are of the view that the impugned order deserves to be set aside and the appeal has to be allowed. The civil appeal is disposed of as allowed, with a direction to the Assessing Officer to consider the matter with a notice to the Assessee to find out whether the expenditure incurred by the Assessee was in the nature of revenue or capital expenditure. After Signature Not Verified considering the same, the Assessing Officer shall make Digitally signed by Sarita Purohit Date: 2015.07.09 16:54:57 IST fresh assessment. 18114/2009 C.I.T.,LUDHIANA Petitioner(s) VERSUS M/S.VARINDER AGRO CHEMICALS LTD. Respondent(s) WITH SLP(C) No. 35563/2011 SLP(C) No. 28557/2013 for amendment of cause title and Office Report) SLP(C) No. 26716/2013 for amendment of cause title and Office Report) Date : 07/07/2015 These petitions were called on for hearing today. 3 UPON hearing the counsel the Court made the following ORDER SLP(C)No. The Civil appeal is disposed of as allowed with no order as to costs in terms of the signed order. 28557 and 26716 of 2013 : Mr. Siddharth Mittal, learned counsel, appearing on behalf of Ms. Usha Nandini V., learned Advocate-on- record, has submitted that he has instructions to appear for the respondent in both the petitions, as Mr. S.K. Sabharwal, former learned Advocate-on-Record, who was appearing in both the matters for the respondent has expired. |