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Differing quantum of Section 14A disallowances cannot be held to be ‘misreporting’
Case Law Details
- Case Name
- Prem Brothers Infrastructure LLP. Vs National Faceless Assessment Centre (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Prem Brothers Infrastructure LLP Vs National Faceless Assessment Centre (Delhi High Court)
This Court is of the opinion that the only addition in the assessment order framed is in respect of disallowance under section 14A of the Act. The Petitioner has made a disallowance of Rs.3,20,14,010/- which was recomputed by the Assessing Officer at Rs.6,82,45,759/-. Thus, this is a case where the amount of underreporting of income is consequent to increase in the disallowance voluntarily estimated by the assessee. This court is conscious of the fact that there can be cases where underr...
