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2019 (7) TMI 1597 - AT - Income TaxDisallowance of loss - genuineness of the expenses - HELD THAT:- The assessee submitted complete details and produced books of account etc., before the authorities below which have been verified. The assessee claimed the above expenses which are supported by bills/vouchers etc. - These expenses are incurred by assessee for business activities and the assessee company has not yet been closed. Thus, the genuineness of the expenses could not be ignored by the A.O. and there were no purpose to disallow loss claimed by assessee. A.O. also noted specifically that assessee appeared and filed details before A.O. which have not been discussed in the assessment order. No material is produced before us to rebut the finding of fact recorded by the Ld. CIT(A). In view of the above, there is no infirmity pointed out in the Order of the Ld. CIT(A) in deleting the addition. We, confirm the Order of the Ld. CIT(A) and dismiss the departmental appeal.
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