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2014 (4) TMI 311 - ITAT AHMEDABADDisallowance of weight shortage expenses – Evidences and debit notes not considered – Held that:- The AO as well as the CIT(A) has disallowed the expenditure on the basis that in earlier year the assessee has not claimed such kind of expenditure - since the assessee has placed on record the debit notes raised by various parties to whom the material was supplied, therefore the authorities were not justified in disallowing the expenses claimed by the assessee – thus, the AO is directed to delete the addition – Decided in favour of Assessee. Disallowance of expenses on adhoc basis – Invocation of section 14A of the Act – Held that:- The decision in Godrej & Boyce Mfg.Co.Ltd. vs. Dy.CIT [2010 (8) TMI 77 - BOMBAY HIGH COURT] followed - proportionate disallowance u/s. 14A should be limited to only interest liability and not overhead or administrative expenditure, which should be considered for disallowance under Rule 8D of the I.T. Rule, 1962 from 2007-08 – the AO is directed to delete the addition – Decided in favour of Assessee.
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