Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2019 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (3) TMI 587 - BOMBAY HIGH COURTDisallowance u/s 14A - HELD THAT:- CIT(A) restricted such disallowance to ₹ 1.12 crore upon which the issue reached the Tribunal. The Tribunal confirmed the order of the CIT(A). This was inter alia on the ground that the Assessing Officer had not stated why he did not agree with the assessee's accounts for allocation of expenditure and further that the assessee had sufficient interest free funds to make such investments. This issue is squarely covered by the decision of this Court in the case of HDFC Bank Ltd Vs. Deputy CIT [2016 (3) TMI 755 - BOMBAY HIGH COURT]. No question of law, therefore, arises. Disallowance of foreign travelling expenses - expenditure of foreign travel of the wife of the chairman and claimed it as allowable expenditure - HELD THAT:- Revenue's objection to the respondent assessee company bearing the expenditure of foreign travel of the wife of the chairman and claimed it as allowable expenditure. The Tribunal, while confirming the deletion made by the CIT(A), noted that the chairman in question was aged about 80 years and that he needed to be accompanied by family member for his medical ground. It was also noted that the wife herself was a director of the assessee company. Such being the facts, we do not find any error in the view of the Tribunal. Non deposit of employee's contribution to provident fund before the due date - HELD THAT:- This issue is covered by the judgment of this Court in the case of CIT Vs. Ghatge Patil Transports Ltd. [2014 (10) TMI 402 - BOMBAY HIGH COURT].
|