Disallowance of expenses when the assessee�s case is covered under tax audit report

Last updated: 11 August 2021
Quick Summary
This case involves an appeal by Surender Kumar Jain, who is in the business of importing and trading computer hardware. The Assessing Officer (AO) made a disallowance of certain expenses claimed by the assessee. The Commissioner of Income-tax (Appeals) partially upheld this disallowance, reducing it to 10% of the claimed expenses. The assessee then appealed to the Income Tax Appellate Tribunal, which has now partly allowed the appeal.

Court :
ITAT Delhi

Brief :
Appellant, Surender Kumar Jain (hereinafter referred to as 'the assessee') by filing the present appeal sought to set aside the impugned order dated 29.09.2017 passed by the Commissioner of Income-tax (Appeals)-19, New Delhi.

Citation :
ITA No.7877/Del./2017

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Poojitha Raam Vinay
Published in Income Tax
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