IN THE HIGH COURT OF DELHI AT NEW DELHI
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ITA 1074/2010
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COMMISSIONER OF INCOME TAX ..... Appellant
Through: Mr. Abhishek Maratha, Advocate with
Ms. Anshul Sharma, Advocate.
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versus
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NOBLE RESOURCES and TRADING PVT LTD ..... Respondent
Through: None.
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CORAM:
HON'BLE THE CHIEF JUSTICE
HON'BLE MR. JUSTICE MANMOHAN
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O R D E R
10.08.2010
CM No. 13668/2010 (exemption)
Allowed, subject to all just exceptions.
Accordingly, application stands disposed of.
CM No 13669/2010
This is an application for condonation of delay of 51 days in re-filing the
appeal.
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We have heard learned counsel for the appellant. Regard being had to
the averments, we are of the considered opinion that sufficient cause exists
for condonation of delay and, accordingly, is so ordered.
The application stands disposed of.
ITA 1074/2010
Heard Mr. Abhishek Maratha, learned counsel appearing for revenue on the
question of admission.
In course of hearing of this appeal for the purpose of admission, learned
counsel for the revenue submitted the real question that arises for
consideration and deserves to be formulated as substantial question of law
pertains to renovation which has been treated as a revenue expenditure by the
tribunal and not as capital expenditure.
In view of the aforesaid, we are inclined to formulate the following
substantial question of law:
1. Whether the Income Tax Appellate Tribunal, in the facts and circumstances of
the case is justified in treating the amount to have been expended for
renovation work despite the evidence brought on
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that the same related to structural changes and has enduring effect and hence,
comes within the purview of the capital expenditure?
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Issue notice.
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Filing of paper book stands dispensed with.
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CHIEF JUSTICE
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MANMOHAN, J
AUGUST 10, 2010
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ITA 1074/2010 page 3 of
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14
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