2015 (9) TMI 1452 - HC - Income Tax

Expenditure towards brokerage eviction charges and cost of improvements disallowed - Held that - Learned counsel is unable to point out to relevant material constituting legal evidence over the claim of expenditure incurred by the petitioners and in that view of the matter no exception can be taken to the reasons findings and conclusion arrived at by the authorities in the orders impugned calling for interference. - Decided against assessee.

Summary

The Karnataka High Court dismissed the petitions filed by the petitioners regarding the disallowance of expenditure claimed towards brokerage, eviction charges, and cost of improvements during the assessment year 2009-2010. The Commissioner of Income Tax declined to interfere with the order under revision due to lack of relevant material constituting substantial legal evidence supporting the claims. The court found no grounds for interference and rejected the petitions.