Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2016 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (9) TMI 1323 - HC - Income TaxDisallowance u/s 14A - Held that:- The disallowance would have to be on a reasonable basis for Assessment Year 2000-01 as directed by this Court in Godrej & Boyce Manufacturing Co. Pvt. Ltd., (2010 (8) TMI 77 - BOMBAY HIGH COURT ). The disallowance at 1% by the impugned order of the Tribunal is not shown to be in any manners perverse and/or arbitrary. Allowable business expenditure - repair and renovation expenditure - Held that:- The expenses claimed were normal repair and renovation expenditure. Therefore, allowable as revenue expenditure. This finding of fact has not been shown to be perverse in any manner.
|