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2021 (10) TMI 725 - AT - Income TaxDisallowance u/s 37 (1) on account of 'job charges' - onus to prove - Disallowance of 10% of the expenses - assessee failed to discharge its onus u/s 37 (1) of the Act to prove that the expenses were incurred wholly and exclusively for the purpose of its business - CIT-A deleted the penalty - HELD THAT:- As gone through the record and find that the turnover of the company increased from ₹ 6.74 crores to ₹ 36.53 crores and so as the expenses increased from ₹ 6.45 crores to 24.60 crores. Hence, it can be said that the expenses have been increased proportionately. Further, the ledger and books of accounts have been examined by the Assessing Officer and no discrepancy could be brought out to the fore. Having accepted the books of accounts, disallowing 10% of the expenses in general without bringing on record as to what and which of the expenses were not allowable. Hence, we decline to interfere with the order of the ld. CIT (A). Appeal of the revenue is dismissed.
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