Tag: disallowance
CIT(A) order set aside as lack of evidence not communicated and opportunity to make good deficiencies not given In the instant case, the assessee had jhallenged the order passed by the CIT(A) in confirming various additions without giving adequate opportunity to make representation against the confirmations of additions. …
Even a single transaction may constitute business as defined in section 2(13) of the Income Tax Act ABCAUS Case Law CitationABCAUS 3435 (2021) (01) ITAT Important case law relied upon by the parties:ITO vs. Amrit Foods (P) Ltd. (1984) 10 ITD 681 In the instant case, the assessee …
No provision exists for disallowance of expenditure in the interest of Revenue and to avoid the leakage of revenue – ITAT ABCAUS Case Law CitationABCAUS 3428 (2020) (12) In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the addition made by …
Inability to produce evidence by Legal representative of assessee alone should not be a basis to decide allowability of expenses. ABACUS Case Law CitationABCAUS 3366 (2020) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming disallowance under the head …
Disallowance of entire expenditure on school running was arbitrary and unreasonable. AO was directed to estimate income @20% of gross receipts ABCAUS Case Law Citation:ABCAUS 2996 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties:Dhakeswari Cotton Mills Ltd. Vs. CIT (1954) 26 ITR 775 (SC)Vidyodaya Educational …
In a recent judgment, Amritsar has held that issue of availability of self owned interest free funds for making disallowance u/s 36(1)(iii) can only be determined by examining the accounts. Case Details: ITA No.66(Asr)/2016 Assessment year:2008-09 M/s. Sehdev Enterprises vs. Income Tax Officer Date of Order/Judgment: 21/04/2016 Brief Facts …