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2018 (1) TMI 235 - AT - Income TaxAdministrative expenses disallowance - business of the company was not set up during the year under consideration - Held that:- We find that during the impugned assessment year, assessee has not recognized any revenue as income for the year. He however claimed substantial amount of expenditure under different heads. Certain expenditures were allowed by the CIT(A) in order to keep the company alive but other administrative expenses claimed by the assessee were disallowed as no evidences were filed. Having carefully examined the order of the CIT(A), find that CIT(A) has adjudicated the issue in detail in his order. - Decided against assessee.
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