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2014 (8) TMI 830 - AT - Income TaxDisallowance of purchases – Held that:- Assessee failed to furnish the relevant details/ bills and vouchers – the two types of purchases forms major portion of the total amount of purchases claim - purchases made through credit card, establishes the fact of purchases also to some extent - the disallowance of purchases claim to the tune of 30% appears to be on higher side - the assesse has failed to furnish the primary evidences and other circumstances of the issue, the disallowance is restricted to ₹ 50,000 – the order of the CIT(A) is modified – Decided partly in favour of Assessee. Disallowance of administrative and selling expenses – Held that:- The assessee has incurred the expenses toward purchases of books and periodicals, car repairs, telephone expenses, salaries, repairs and maintenance, printing and stationery and professional fees - most of the expenses were incurred through cheque payment/credit card payment - the Assessee has failed to furnish the relevant vouchers and bills disallowance of part of the claim is justified to take care of deficiency if any in the claim - the disallowance is restricted to 10% of the amount claimed by the Assessee - the order of the CIT(A) is modified – Decided partly in favour of Assessee.
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