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2011 (5) TMI 510 - HC - Income TaxExcess wastage of newspaper disallowed - Held that:- Since, CIT(A) itself observed that, the assessee has maintained quantitative records wherein full details of newsprint purchased and used are given & assessee has also explained the reason for excessive wastage before the AO who however, without rejecting the contentions of the assessee, relied on the report of the Registrar of Newspaper of India, called for by him u/s 133(6) - The CIT(A), though accepted that assessee had maintained quantitative records of wastage etc., applied the wastage rate of 7 per cent - Hence, accept the contention of the assessee that the Register of Newspaper of India is a authority, entrusted with the job of allotment of quota of foreign newsprint and the factors - Thus, the CIT(A) was not justified in disturbing the book results shown by the assessee - In favour of assessee. Allowance of expenditure - additional ground - Held that:- In the light of the Tribunal's order in assessee's own case for assessment year 1995-96, a copy of which has been placed on record, accept the assessee's contention and direct the Assessing Officer to allow the claim of the assessee in the year in which the expenditure has been incurred - Since both the assessment years were stated to be pending, the CIT(A) was not correct in rejecting this additional ground - The CIT(A) has only set aside the matter to the file of Assessing Officer with the direction to verify the details.
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