Tuesday, September 15, 2020

HC remanded matter as ITAT deleted additions without assigning any valid reason

INCOME TAX: Where Assessing Officer disallowed payments made by assessee towards transportation charges for transporting mineral and Commissioner (Appeals) also upheld same for reason that no confirmations about such payments were received from transport contractors and also no relevant materials were produced by assessee so as to prove that mineral was actually transported and, thus, said payment could not be allowed under section 37(1), however,

from www.taxmann.com Latest Case Laws https://ift.tt/3iwo3Ug

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...