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2016 (11) TMI 392 - AT - Income TaxDisallowance of business expenses - as per AO no business income derived by the assessee and the assessee has not carried out any business activity during the year under consideration for it to be eligible to claim business expenditure - Held that:- From the details of expenditure so incurred and claimed, we find that the assessee has merely claimed the expenses which are necessary to retain the establishment. Other expenses have been suo motu added by the assessee while computing taxable income. From the P&L account we notice that the loss works out to be ₹ 1,86,69,943/- however, the assessee has claimed loss of ₹ 70,53440/- in its return of income. It means the assessee himself has disallowed the loss of ₹ 1,16,15,803/-. So, we do not find any infirmity in CIT(A) order in allowing legitimate claim of business expenditure incurred by the assessee. - Decided in favour of assessee
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