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2020 (10) TMI 399 - AT - Income TaxDisallowance of depreciation - purchase bills as submitted by the assessee are treated as not genuine - HELD THAT:- Assessee has fairly agreed with the Bench that out of ₹ 14,33,621/-, ₹ 1,00,000/- may be disallowed on account of miscellaneous deficiency or differences - revenue has also agreed with the bench that in order to cover the miscellaneous deficiencies a minimum of ₹ 1,00,000/- may be disallowed. Therefore out of ₹ 14,33,621/- we disallow ₹ 1,00,000/- and balance of ₹ 13,23,621/-, is directed to be deleted. Order is being pronounced after 90 days of hearing - Taking note of the extraordinary situation in the light of the Covid-19 pandemic and lockdown, the period of lockdown days need to be excluded. For coming to such a conclusion, we rely upon the decision of JSW LIMITED AND (VICE-VERSA) [2020 (5) TMI 359 - ITAT MUMBAI]
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