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2011 (1) TMI 1116 - AT - Income TaxRevision u/s 263 - disallowance towards motor car expenses, telephone expenses - Held that:- The assessee-firm vide letter dated October 7, 2008 submitted complete details of sales of plot, closing stock of units of the construction project known as "Sangeeta" along with various supporting evidence. Similarly, quantitative details of direct and indirect expenses were even given vide letter dated October 2, 2008. A note explaining the provisions for construction expenses along with the details of the provisions were furnished. As it is not the case of the Commissioner while passing the order under section 263, that the Assessing Officer should have written the order more elaborately. The above extracts from the assessment record demonstrate that the Assessing Officer had called for details and after examining the same, had accepted the claims of the assessee. When such an exercise has been done, the conclusion drawn by the Assessing Officer, cannot be said to be erroneous. In favour of assessee.
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