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2024 (2) TMI 48 - AT - Income TaxAssessment of income of the assessee society - Quantification of claim for deduction of expenses - as per CIT(A) assessee’s claim for deduction of expenses could safely be taken @20% of its miscellaneous income - HELD THAT:- As is discernible from the record, the assessee society had neither in the course of the assessment proceedings nor in the proceedings before the CIT(Appeals) placed on record any submission/material to substantiate its claim for deduction of expenditure @ 53.88% of the total miscellaneous income. As nothing has been brought on record which would point out any perversity in the view taken by the lower authorities, therefore, find no infirmity in the view taken by the CIT(Appeals) who had in all fairness restricted the addition/disallowance of the assessee’s claim for deduction of expenditure. Assessee appeal dismissed.
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