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All delivery based transaction may not be treated as investment activity
Case Law Details
- Case Name
- Devji Nenshi Palani Vs Income Tax Officer (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
- Courts
- All ITAT, ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘D’
Devji Nenshi Palani
Versus
Income-tax Officer
IT APPEAL NO. 7881 (MUM.) OF 2010
[ASSESSMENT YEAR 2007-08]
SEPTEMBER 12, 2012
ORDER
Rajendra Singh, Accountant Member
This appeal by the assessee is directed against the order dated 29.10.2010 of CIT(A)-24, Mumbai for the A.Y. 2007-08. The assessee in this appeal has raised the disputes on four different grounds.
2. The first dispute is regarding the disallowance of motor car expenses including the depreciation. The A.O. noted that the assessee had claimed total expenditure of Rs. 7,26,416/...
