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2019 (6) TMI 597 - ITAT CHENNAIAdditions in respect of sale of property, discount, development expenditure, commission paid and deleted the addition made u/s.14A - HELD THAT:- The contention that profit arising on account of sale of property cannot be brought to tax as the land was sold in the capacity of holding power of attorney cannot be accepted, since the profits were assessed under the head ‘’profit and gain of business’’. As regards to the allowances of discount, commission and development expenditure, no evidence were filed before us establishing the genuineness of the expenditure. Mere entries in the books of accounts does not establish the genuineness of the expenditure. Hence, we do not find any reason to interfere with the order of the CIT(Appeals). The grounds of appeal are dismissed against the appellant.
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