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2014 (9) TMI 349 - ITAT AMRITSARBad debts written off u/s 36(1)(vii) – Details not provided by assessee – Held that:- The assessee has not provided addresses of the persons on whom loans have been advanced - But the assessee has filed copy of account since loan had been advanced - Mr. Ashwani Kumar is assessed to tax and PAN has been provided - Audit report and copy of Award is also on record - address of the person has not been provided and the genuineness of the transaction could not be verified unless the persons to whom loan has been advanced and examined or their records are examined by the AO - Therefore, it is not possible for the AO or the CIT(A) to decide the matter – thus, the matter is to be remitted back to the CIT(A) for fresh adjudication – Decided in favuor of assessee. Various expenses disallowed – Vehicle expenses, depreciation on car – travelling expenses – Held that:- These are expenses which have been disallowed by the AO and confirmed by the CIT(A) being personal element involved for which no supporting vouchers have been placed on record before any of the authorities - personal element cannot be denied – there was no infirmity in the order of the CIT(A) who has rightly confirmed disallowances on account of vehicle expenses, depreciation on car and traveling allowance – Decided against assessee.
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