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2015 (10) TMI 1860 - AT - Income TaxDisallowance of establishment expenses - Held that:- We find that considering the high turn over of the assessee at ₹ 2.33 crores of this year as against ₹ 2.23 crores in the immediately preceding year and the fall in the income from operation being nominal, with which the assessee has submitted the detailed reasoning, we hold that there was no justification for making disallowance out of establishment expenses on adhoc basis without pointing out any defect in the books of account of the assessee and the CIT(A) was not justified in sustaining the same - Decided in favour of assessee. Disallowance out of interest on account of no deduction of TDS - Held that:- Issue is covered in favour of the assessee with the decision of Delhi Tribunal in M/s. Malhotra Cables Pvt. Ltd. vs. ITO [2015 (10) TMI 1742 - ITAT DELHI] wherein held that the provision of section 40(a)(ia) of the Act shall apply only to the amount ‘payable’ as on the last day of the relevant accounting year.- Decided in favour of assessee.
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