Can Rent Payment be treated as income of the assessee if Rent Agreement is not produced?

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Last updated: 05 August 2021
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This Income Tax Appellate Tribunal case concerns whether rent payments made by a company can be considered its income when the rent agreement was not initially produced. The assessee argued that the rent was a necessary business expense and that the agreement was indeed submitted. The tribunal reviewed the circumstances surrounding the submission and production of documents.

Court :
ITAT Delhi

Brief :
This appeal filed by the assessee for the assessment year 2015-16 is directed against the order of Ld. CIT(A)-38, New Delhi dated 24.01.2019. The assessee has raised following grounds of appeal:-

Citation :
ITA No.2553/Del/2019

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