Is an assessee, who is not the owner of a fixed asset in the nature of a road project, ought to have amortized the corresponding expenditure of license fee etc.?
Last updated: 17 June 2021
Court :
ITAT Hyderabad
Brief :
These Revenue’s appeals for AYs.2012-13, 2013-14 & 2014-15 arise from the CIT(A)-4, Hyderabad’s orders; all dated 16-08-2018 passed in appeal Nos.0175 / 15-16 / ACIT,Cir.16(2) / CIT(A)-4 / Hyd / 17-18, 0008 / 16-17 / ACIT,Cir.16(2) / CIT(A)-4 / Hyd / 18-19 & 0393 / 16-17 / DCIT,Cir.16(2) / CIT(A)-4 / Hyd / 18-19; respectively involving proceedings u/s.143(3) of the Income Tax Act, 1961 [in short,‘the Act’].
Citation :
ITA 2121/Hyd/2018
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Published in Income Tax
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