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2013 (2) TMI 701 - AT - Income TaxDisallowance of expenditure - Held that:- We find that the CIT(A), after a detailed discussion on each and every aspect of the matter including the claim of expenditure and after examining the details filed by the assessee in respect of expenditure, came to a reasonable conclusion and addition to the extent of ₹ 5,00,000/- has been sustained for want of verification of expenditure and others and has rightly allowed relief of ₹ 45,46,166/- as sustaining 50% of expenses and running a business with remaining 50% expenses is impossible. The view taken by the CIT(A) appears to be fair and reasonable. We, therefore, confirm the order of CIT(A) in respect of disallowance of expenses. Addition on account of creditors - Held that:- When the A.O. himself accepted the genuineness of the creditors before the CIT(A) in the remand report and the CIT(A) has deleted the addition to that extent, we are of the considered view that there is no error in the order of CIT(A) in deleting the addition
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