How to respond to order passed with demand u/s 154?
IT department considering Income tax expenses disallowance as It is shown in tax audit as debited to pndl which is wrong disclosure in Tax audit. Actually it is routed through capital but they are disallowing as per tax audit
pls tell how to deal 154?
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154 order
Replies (5)
Quick Summary
Income tax is not allowed as expense. So ITD is right in its disallowance.
Yes but i routed through capital and not debited to pndl so how can i disallow the same
How can auditor report it under P&L acc if not debited to expense?
Capital a/c debited and bank credited
He is proprietor
we have not debited expenses in pndl
He is proprietor
we have not debited expenses in pndl
Unless auditor rectifies the audit report to the effect, you cannot get justification.
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