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2019 (1) TMI 49 - AT - Income TaxDisallowance of expenses and depreciation - assessee has not undertaken any business activities during the year or during the previous year thereby not put to use the assets for business - Held that:- The company was engaged in the business of execution construction contracts and forming part of the Gammon group. Undoubtedly in the year in question, the assessee did not do any business at all. However, the assessee showed the alienation of the parcel of the land at Baramati. There is nothing on record that the assessee has wound up the business. There is a temporary lull in the business. The CIT(A) has decided the matter of controversy on the basis of numbers of decisions which have been mentioned in the order and is not required to be repeated. But the expenses and the depreciation are not in dispute - Decided in favour of assessee.
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