Coal Transport Expense Disallowance Fails Without Contrary Evidence

DCIT Vs New Satman Transport Company (ITAT Ranchi) Disallowance of Coal Transportation Charges Deleted — Revenue Appeal Dismissed The Ranchi Bench of the ITAT dismissed the Revenue’s appeal and upheld the order of the CIT(A)/NFAC deleting the disallowance of ₹2.04 crore made out of total coal transportation charges of about ₹16.02 crore. The Assessing Officer had disallowed the expenditure mainly on the ground that notices issued under Section 133(6) to certain truck owners were not complied with, and that the assessee failed to produce contracts and PAN details of the truck owners. Th...