05 June 2014
my query is regarding the disallowing of expensess mentioned under the head other expensess in itr profit & loss schedule. I was served with a demand from cpc under 143(1) by increasing the total income by disallowing the expensess claimed under other expensess. as I was bound to mention few expensess under this head as no head pretaining to such expensess mentioned in the itr.what is the procedure to be followed as all the expensess under the other expensess is geniune and accurate. as the other expensess head in the profit & loss schedule is only four rows we are unable to mention all the heads belong to other expensess. whether 154 will be filed with giving details of the other expensess...?