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2016 (8) TMI 568 - HC - Income TaxDisallowance invoking section 40A(3)- AO assessed a sum being the amount appearing in credit side of the suspense account because the assessee had not given any cogent reason for explaining the same - Held that:- When the Assessing Officer is assessing the amount written back as income of the assessee, which pertained to the earlier year, the expenditure should be allowed as a deduction either as an expenditure of this year or as an adjustment against the amount written back. The CIT (A), therefore, was justified in allowing the claim of the assessee - Decided in favour of the assessee
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