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5. The learned counsel for the assesses further submitted that the assessee debited the interest to the P&L a/c as primarily, the agreement provided for lease though there was an option to purchase the building which was completed sometime in August, 1995. The company was justified in debiting the interest on the basis of primary provision of lease and availability of premises on lease, as per the agreement and, therefore, this expenditure was of revenue nature. The learned counsel for the assessee further submitted that the power of assessment under the IT Act is specifically vested, in various functionaries under the Act and those functionaries should act within their limited jurisdiction so as to ensure that there is no conflict and resultantly trenching of power by higher functionary over the subordinate functionary so far as the judicial function of the assessment is concerned. In this context, he drew our attention to the following paragraph on p. 8192 of Chatuivedi & Pithisaria's book: