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2017 (10) TMI 1145 - AT - Income TaxTPA - selection of comparable - Held that:- Assessee is providing advisory services where high level of knowledge is required, thus comparables functionally dissimilar with that of assessee need to be deselected from final list. Non deduction of tds - Disallowance of provision for legal and professional fees - Held that:- When the provisions are made and payments are not received and in the subsequent year the provision made is offered for taxation, the impugned amount cannot be disallowed and hence cannot be brought under the ambit of taxation u/s 40(a)(ia). - Decided in favour of assessee Disallowance of Travelling and Conveyance Expenses - Held that:- DRP has rightly observed that reimbursement of expenses cannot be a reason for the non-examination of the expenditure booked as expenses by the IT authorities. De hors providing necessary details assessee cannot seek full allowance of expenditure. We find that the interest of justice would meet adequately if the matter is remitted to the file of the Assessing Officer. The Assessing Officer is directed to give the assessee an opportunity to give the details and canvass the veracity of expenses
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