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2013 (6) TMI 565 - AT - Income TaxWork in progress - whether be shown under the caption Land procurement and registration - CIT(A) deleted the addition - Held that:- Assessee had shown a sum under the head land procurement and registration charges in the profit and loss account & had simultaneously included this amount in the work in progress in the profit and loss account. As entire amount of expenses were debited to the work in progress of the assessee thus it shows that the assessee has not claimed any deduction for a sum of Rs.42,36,000/- under the head land procurement and registration therefore no disallowance same could have been made by the AO while computing the income of the assessee. In favour of assessee. Non deduction of TDS - software development expenses, financial consultancy charges and Director's remuneration - Held that:- As form paper book filed by the assessee profit and loss account for the period from 14.06.2006 to 31.03.2007 as filed that the entire expenditure of Rs.1,01,06,389 during the year has been shown as closing work in progress at Rs.1,01,04,668/-. Thus it is seen that no expenditure has been claimed as deduction in the profit and loss account by the assessee. Hence the question of making any disallowance of any expenditure for non deduction of tax at source by invoking the provisions of section 40(a)(ia) does not arise. In favour of assessee.
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