Disallowance of expenses

Authorities were aggrieved of finding of Appellate Tribunal holding that claim of initial and normal depreciation were allowable in spite of facts that same related to repair and maintenance

Validity

Question relating to disallowance of expenses or claiming depreciation on fixed assets while transferring expenses on construction work incurred in previous years which was completed during tax year under consideration were questions of fact which had been dealt with in detail by forums below by recording concurrent findings on such facts

Such finding of facts could not be disturbed in Reference under S. 133 of Income Tax Ordinance, 2001, unless such concurrent finding was either perverse or contrary to record

Findings of facts did not give rise to a question of law which could be entertained by High Court under its reference jurisdiction

No merit was found in reference application, whereas questions proposed were questions of facts and no question of law had arisen from order passed by Appellate Tribunal

Reference was dismissed in circumstances.