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2016 (12) TMI 1138 - ITAT MUMBAIDisallowance under section 40(a)(ia) - reimbursement of transportation expenses - Held that:- We hold that the provisions of section 40(a)(ia) have no application for the payments made by the assessee towards reimbursement of transportation charges, which were paid by the end of the accounting year. See Shri Jitendra Mansukhlal Shah Versus Dy. Commissioner of Income Tax, Central Circle 45, Mumbai[2015 (3) TMI 1118 - ITAT MUMBAI ]. Thus, this ground of appeal of the assessee is allowed in favour of assessee Disallowance of handling loss - Held that:- We agree with the ld. CIT(A) that there would definitely be handling loss while the iron ore is uploaded, loaded etc. Therefore, taking the totality of the facts and circumstances into consideration, we feel that the handling loss should be fixed at 0.95% to meet the ends of justice, we do so. Thus, this ground of appeal is partly allowed.
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