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2015 (10) TMI 1864 - AT - Income TaxDisallowance of office rent along with audit fees and filing fee - whether no business activity during the year? - Held that:- The submissions made by assessee before the Ld. CIT(A) inter alia, regarding "Corporate suit" at IFFCO Chowk under construction was valued at the year end at ₹ 1151.02 has not been controverted by the Department. All the expenses directly attributable to the project were charged to the construction work in progress account and only those administrative expenses which were necessary for maintenance of basic infrastructure of the company, were claimed by assessee in profit and loss account. Under such circumstances, I fail to understand as to how a finding has been arrived by authorities below that no business activity was carried out by assessee. The office rent claimed by assessee was a necessary business expenditure and, therefore, could not be denied to assessee. Therefore, set aside the order of Ld. CIT (A) and direct the Assessing Officer to allow the office rent also along with audit fees and filing fee and compute the income accordingly. - Decided in favour of assessee.
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