C.I.T. Vs. GANGA ROPE CO. LTD.

JUDGEMENT

(1.) THE only question argued by Ms. Smita Das De, learned advocate appearing for the appellant is the question No. 1 which reads as follows:

(2.) THE Assessing Officer refused to treat this expenditure of a sum of Rs. 1,08,41,068/ - as revenue expenditure on the ground that:

(3.) THE C.I.T. appeal reversed the order of the Assessing Officer, holding inter alia as follows: