Court :
HIGH COURT OF DELHI
Brief :
The captioned appeals being three (3) in number are directed against a common judgment of the Income Tax Appellate Tribunal (hereinafter referred to as the Tribunal) dated 22.02.2008 ITA No.1367/2008 relates to Assessment Year 1991-1992; ITA No.1368/2008 pertains to Assessment Year 1990-1991, while ITA No.1391/2008 pertains to Assessment Year 1989-1990.
The short issue involved in these appeals is: whether common expenses incurred by an assessee can be allocated towards taxable and non-taxable income & under the provisions of Section 14A of the Income Tax Act, 1961 (hereinafter referred to as the „I.T. Act‟) as it stood at the relevant point in time.
Citation :
COMMISSIONER OF INCOME TAX …APPELLANT VS WIMCO SEEDLINGS LTD..…RESPONDENT
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