This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
No disallowance U/s. 40(a)(ia) where net profit was estimated
Case Law Details
- Case Name
- Power Liners Vs. ACIT (ITAT Jaipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Jaipur
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Power Liners Vs. ACIT (ITAT Jaipur)
Once the income of the assessee was estimated after rejection of books of account, then, the AO could not make disallowance on the same books of account for the purpose of disallowance by invoking provisions of section 40(a)(ia) or general disallowance under section 37(1) of Income Tax Act, 1961. Hence, the disallowance made by the AO was deleted.
FULL TEXT OF THE ITAT JUDGMENT
This appeal by the assessee is directed against the order dated 29/12/2016 of ld. CIT(A)-I, Jaipur for the A.Y. 2012-13. The assessee has raised following grounds of appeal:
“1. In ...
