Disallowance of 40% of expenditure claimed by the assessee in earning income from LIC.


Last updated: 03 March 2021

Court :
ITAT Bangalore

Brief :
This is an appeal of the assessee against the order dated 26.07.2019 passed by CIT(A), Mysore, relating to Assessment Year 2010-11. The first issue that arises for consideration in this appeal is as to whether the Revenue authorities were justified in making an addition of Rs.7,39,381/-.

Citation :
ITA 2198/BANG/2019

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