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2023 (7) TMI 15 - ITAT MUMBAIDisallowance of expenses - assessee has claimed an expenditure towards various expenses besides claiming expenses relating to land - AO disallowed 80% of the various administrative expenses - HELD THAT:- The detail of expenses claimed by the assessee is given at page 29 of the assessment order. On a perusal of the same, we noticed that a sum has been incurred towards salary and bonus. The remaining expenses claimed by the assessee which consisted of various administrative expenses like advertisement, car expenses, depreciation, rent, telephone, travelling etc., which are normally incurred by a business concern. Accordingly, we are of the view that disallowance of 50% confirmed by the learned CIT(A) is also on the higher side. We note from the orders passed by the tax authorities that they have not made any adverse observation in respect of various administrative expenses claimed by the assessee. Accordingly, we are of the view that this issue can be put to rest if the disallowance is restricted to 5% of the aggregate amount of expenses - Decided partly in favour of assessee.
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