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Case Law Details

Case Name : ACIT Vs Iqbal M. Chagala (ITAT Mumbai)
Appeal Number : ITA No. 877/Mum/2013
Date of Judgement/Order : 30/07/2014
Related Assessment Year :
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We find from the audit report that the expenses in respect of exempt income was shown at Rs. Nil,that the assessee had debited direct expenses on account of dematerialisation and STT in the capital account and in the profit and loss account,that AO had presumed that the assessee had must have incurred some expenditur

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