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2021 (1) TMI 954 - ITAT BANGALOREDisallowance of Printing & Stationery expenses - Whether the payments (expenses) disallowed by AO were such that they violate the IRDA regulations and are therefore hit by the Explanation to Section 37(1) ? - Whether the expenses disallowed were indeed business expenditure with reference to the details of expenses and the benefits derived from them? - Whether the expenses disallowed, were also claimed by the sister concerns. And if the payments were in the nature of reimbursements, then whether the reimbursement and the related expenses were duly accounted in the books of the sister concerns. HELD THAT:- Since the assessee has not furnished satisfactory explanations before the AO with regard to the manner of utilisation of printed materials, in the interests of natural justice, we are of the view that this issue may be restored to the file of AO so that the assessee may furnish explanations to the satisfaction of the AO. Accordingly we set aside the order passed by Ld CIT(A) on this issue in AY 2008-09, 2010-11 and 2012-13 and restore the same to the file of AO. We direct the assessee to furnish the details of manner of utilisation of printing and stationery expenses for the purposes of business of the assessee. After hearing the assessee, the AO may take appropriate decision in accordance with law.
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