In case of any substantial increase in the regular expenditure details of that increase mount must be shown otherwise expenditure will be disallowed
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
The facts of the case are that the assessee company is engaged in establishing, developing and running hotels, holidays and health resorts. During the year under consideration, it had incurred expenditure on account of horticulture to the tune of Rs.9,91,384/-. The Assessing Officer disallowed the entire expenditure claimed in this head and also disallowed the entire expenses incurred on account of business promotion, consumable stores, miscellaneous expenses and repairs & maintenance on the ground that in the last year, the expenditure incurred was on a lower side.
Citation :
M/s Aerens Motels & Resorts Pvt.Ltd., A-15, 1st Floor,Annexe Main, Hauz Khas,New Delhi – 110 016.PAN: AABCA2481R.(Appellant) Vs. Dy.Commissioner of Income Tax,Central Circle-8,New Delhi.(Respondent)
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CS Bijoy
Published in Income Tax
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