Expense cannot be disallowed for Mistakes in form 15G

IN THE ITAT CUTTACK BENCH Pareek Electricals Versus Assistant Commissioner of Income-tax IT Appeal No. 354 (Ctk.) of 2012 [Assessment year 2008-09] September 28, 2012 ORDER K.K. Gupta, Accountant Member – This appeal by the assessee mainly raises the issues dealt with by the learned CIT(A) being disallowance of expenditures claimed in computing the profits of the assessee, the assessee being a franchisee of BSNL (a Government of India Undertaking) selling its products viz., SIM cards, recharge coupons etc. The Assessing Officer during the course of scrutiny proceedings h...