M/S. SHIVALIK PRINTS LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, assessees’ appeals in ITA nos

Bench: Shri Kul Bharat & Shri Avdhesh Kumar Mishraassessment Year: 2011-12 & Assessment Year: 2012-13

disallowance u/s 80 JJAA of the Act is a legal issue and can be raised at any stage. He submitted that the learned CIT(A) failed to appreciate the fact in right perspective. Further, he reiterated the submissions as made in the brief synopsis. For the sake of clarity the Brief Synopsis is reproduced herein below: “BRIEF SYNOPSIS

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

section 10(2)(xv) of the Income Tax Act. The High Court held that the expenditure was not of a capital nature and the assessee was entitled to deduct the amount claimed as business expenditure. Setting aside the decision of the High Court, the Supreme Court, inter alia, observed as under: “A trader may spend money to acquire