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2013 (3) TMI 461 - ITAT MUMBAIDisallowance of Prior period expenses - Demand for the above period was raised during the previous year on account of completion of assessment - Section 43B - Disallowance out of misc. expenses, conveyance and travelling and tea and refreshment expenses. Held that:- We find the assessee has paid the arrears to ESIC relating to different assessment years during the impugned assessment year after the same was quantified by the ESIC authorities in the assessment. Further in view of provisions of section 43B, payment to ESIC is allowable only on actual payment basis, is an allowable expenditure. We set aside the order of the ld. CIT(A) and direct the A.O. to delete the disallowance. Regarding the dissallowances of expenses - Held that:- in absence of complete supporting vouchers the entire expenses cannot be allowed as deduction as wholly and exclusively for the purposes of business. Therefore some disallowance is justified. This ground by the assessee is partly allowed.
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