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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Addition on account of income not shown in the P&L account - AO ...


CIT(A) Overturns AO's Decision, Allows Previously Disallowed Expenses Due to Unverifiable GEB Records.

December 7, 2015

Case Laws     Income Tax     AT

Addition on account of income not shown in the P&L account - AO made disallowance on the basis that the expenditure could not be verified from the Gujarat Electricity Board [GEB] - CIT(A) delted the addition - claim of expenses allowed - AT

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