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2015 (8) TMI 130 - AT - Income TaxDisallowance of manufacturing and other expenses - CIT(A) allowed part relief - Held that:- Undisputedly the assessee has gone to BIFR for revival of its industry and since there is temporary suspension of the business activities, therefore, minimum expenditure should be allowed. We accordingly find no merit in the arguments of the ld. D.R. Being convinced with the findings of the ld. CIT(A), we confirm the same. - Decided against revenue. Disallowance of Director’s remuneration - CIT(A) allowed relief - Held that:- CIT(A) has allowed the remuneration paid to the whole time Managing Director of the company, having observed that the assessee’s business is temporarily suspended and there is every possibility of its revival, as the assessee has gone in BIFR for revival of its business. We, therefore, find no infirmity in the order of the ld. CIT(A) on this issue and accordingly we confirm the same. - Decided against revenue.
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