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2017 (4) TMI 873 - AT - Income TaxDisallowance of claim of depreciation - Held that:- FAA had no occasion to verify the correctness of the claim made by the assessee in absence of the said documents. Therefore,we are of the opinion that,in the interest of justice,matter should be restored back to the file of the FAA for fresh adjudication.He would decide the issue after affording a reasonable opportunity of hearing to the assessee and after considering the additional evidences produced before us. Ground is decided in favour of the assessee,in part. Disallowance of business expenses incurred by the assessee through credit card based on information of the AIR statement - Held that:- We find that the assessee had not produced documentary evidences about the expenditure to prove that same was incurred wholly and exclusive for the business purposes. The bank statement, produced by it before the AO indicates the expenditure incurred but it does not prove the fact of incurring of expenditure for the business. Therefore, in our opinion the order of the FAA does not suffer from any legal infirmity. Upholding the same, we decide ground of appeal against the assessee.
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