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2018 (12) TMI 1055 - AT - Income TaxAllowability of business development expenses u/s 37 - providing cash discount upon insurance of vehicles- Held that:- The assessee failed to furnish adequate documents to support his claim of business expenditure particularly for providing cash discount upon insurance of vehicles which according to us is excessive and highly disproportionate to the expenditure incurred on this account in the earlier year. We find no justification in interfering with the order passed by the Ld.CIT(A). We, therefore, confirm the order passed by the Ld.CIT(A) on the disallowance to the tune of ₹ 9,66,659/-. - Decided against assessee.
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