Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2015 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (11) TMI 189 - HC - Income TaxDisallowance on account of expenses towards salary and other perquisites of staff - ITAT deleted addition - Held that:- This court is prima facie of the opinion that if any staff is deployed at the residence of the Chairman for the purpose of looking after the basic requirements such as, cleaning of the house, attending to official guests, receiving telephones and such other sundry expenses, the same would fall within the description expended wholly for the purpose of business. However, the amount involved being not very significant, such question is left to be examined in proper appeal proceedings. Disallowance made under section 14A on account of interest expenses - ITAT deleted addition - Held that:- It is an admitted position between the parties that against the order passed by the Tribunal in relation to assessment year 2003-04, revenue had preferred appeal wherein by an order of even date this court has dismissed the ground of appeal. Under the circumstances, for the reasons stated in the above tax appeal, this appeal is also not entertained qua the said question.
|