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2022 (11) TMI 1249 - ITAT HYDERABADReduction of the land development expenses - Disallowance of unverifiable expenses - AR submitted that the persons to whom the payment was made are not to be found, and their addresses could be culled out only from the sale deeds executed by them in favour of the assessee - HELD THAT:- As no evidence is produced in support of the claim of the assessee. It could be seen from the assessment order, basing on the PAN details, an attempt to verify the claim of the assessee was made, but such persons were not to be found in such address. Subsequently on the orders has been furnished by the assessee, the Income Tax Inspector was deputed to cause enquiries at the address is given by the assessee, but such addresses were found to be incorrect. In the circumstances, there is no course open to the Assessing Officer to verify the alleged expenditure - So also in respect of the other expense said to have been paid to the marketing executive towards salary incentives etc., no occasion for such payments seems to be probable because admittedly the commercial activity of the assessee had not commenced and not even a single plot was sold or book for sale during the relevant assessment year. All the circumstances would go to show that there is no possibility to verify the expenses and therefore it cannot be said that the authorities below went wrong in reducing such expenses. We accordingly find that the grounds of appeal are devoid of merits and the appeal of assessee is liable to be dismissed.
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