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2018 (12) TMI 625 - AT - Income TaxDisallowance of preoperative expenses - AO disallowed the same as allowable expenditure and added back to the income of the assessee - CIT(A) confirmed the order of Ld.AO because the assessee had not furnished the complete break-up of the expenditure with supporting documents claimed as deduction - Held that:- No merits in the arguments advanced by the Ld.AR. The assessee and its Ld.AR have grossly failed to furnish the details sought by the Revenue at the time of assessment proceedings as well as first appellate proceedings. This lethargic attitude of the assessee is not appreciable. However in the interest of justice, we hereby remit the matter back to the file of AO, thereby offering the assessee with one more opportunity to furnish the requisite materials to justify its stand before the Revenue. We also caution the assessee to cooperate promptly before the Revenue in their proceedings failing which the Ld.Revenue Authorities are at liberty to pass appropriate orders in accordance with merit and law based on the materials on record.
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