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2021 (9) TMI 1137 - AT - Income TaxDisallowance of expenditure - Addition on the ground that assessee has not carried out any business activity and no business income has been declared and the assessee failed to produce the complete books of account, bills and vouchers etc. - HELD THAT:- Since the facts of the instant case are identical to the facts of the case decided in the case of Commissioner of Income Tax vs., Integrated Technologies Ltd. [2011 (12) TMI 48 - DELHI HIGH COURT] thus hold that merely because assessee has not earned any business income during the year, but, has every intention to revive the same, therefore, the various expenses debited to the P & L A/c cannot be disallowed especially when the assessee is maintaining its Office and kept its infrastructure ready for future business. In this view of the matter, set aside the order of the Ld. CIT(A) and direct the A.O. to allow the expenses claimed - Decided in favour of assessee.
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