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2014 (8) TMI 793 - AT - Income TaxElectricity charges paid to Torrent Power AEC Ltd. Power connected on obtaining inspection certificate - AO treated the expenses crystallized and written off as prior period expense Held that:- The electrical installation was obtained for its project Radhe Kishan Villa which was a multi storeyed building the permissions for electricity was received on 25.01.2007 relevant to assessment year 07-08 which was also supported by the certificate issued by the electricity Inspector the contention of the assessee has not been controverted by the Revenue by placing any contrary material on record - the genuineness of the payment has not been doubted by Revenue - the commencement of supply of energy started on 25.01.2007 and the claim of allowance of expenditure needs to be allowed Decided in favour of Assessee. Borewell expenses Expenses incurred for business purpose or not Held that:- CIT(A) while upholding the disallowance has noted that the expenses were incurred in AY 04-05 and were carried forward as advances and further no evidence was brought on record to demonstrate that the bore well was put to use during the previous year and the location of the borewell - no material has been placed on record to demonstrate that the bore well was put to use during the year assessee could not controvert the findings of CIT(A) there was no reason to interfere with the order of CIT(A) Decided against Assessee.
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