RRB ENERGY LTD.,NEW DELHI vs. ITO, NEW DELHI
ITA 1874/DEL/2013[2004-05]Status: DisposedITAT Delhi28 Jan 2016AY 2004-05
Bench: Shri G. D. Agrawal, Hon’Ble & Shri Kuldip Singh
For Appellant: Shri K. Sampath, AdvFor Respondent: Smt. Kesang Y Sherpa, Sr. DR
Section 143(3)Section 147Section 148Section 155JSection 80Section 80l
capital nature laid out wholly
8 I.T.A.No.1874./Del/2013
or exclusively for the purpose of business is allowable as deduction in computation of the income chargeable under the head 'Profit and gains of business or profession'.
3. Thus the assessee has failed to disclose all material facts truly and fully that were necessary for assessment. Here it is relevant