1

Commissioner (A) is not empowered to enhance income a new source of income vide 82ITR 9Trib) 176
1

It is assessee’s choice to select a method for determining FMV of shares vide 81 ITR (Trib) (SN) 78
1

No TP adjustment of trade receivables in case of a debt-free company vide 81ITR (Trib) (SN) 94
1

To accord registration as a charitable institution under income tax dominant purpose must be charitable and satisfies the conditions laid down us 2(15) vide 426ITR108 despite having non charitable ancillary objects meant to achieve the dominant purpose
1

Transactions with dubious entities is reason enough for case reopening vide 421ITR624

Substantial Leasehold improvements qua extensive Renovation expenditure of 47 crores

ByCA Gopal Nathani

Jan 20, 2022

In [2022] 93 ITR (Trib) 1 (ITAT[Del]) ( dominos and dunkin donuts chain of stores) one of the ground pertained to the treatment of large renovation expenditure which has been considered by the AO to be of capital in nature as against the claim of the assessee of being revenue in nature.

Citing it as both necessary and continuous expenditure in the running of pizza and donuts business as all chain of new stores have to be no different from each other with specific ambiance and outlook the bench held it revenue in nature.