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Internet expenses not deductible against interest income due to lack of nexus
Case Law Details
- Case Name
- Adarsh Sahakari Ghar Bandhnari Mandali Ltd Vs ACIT (ITAT Surat)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Surat
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Adarsh Sahakari Ghar Bandhnari Mandali Ltd Vs ACIT (ITAT Surat)
The case involves Adarsh Sahakari Ghar Bandhnari Mandali Ltd, a co-operative housing society, which claimed expenses on internet subscription and Airtel subscription as deductions under Section 57 of the Income Tax Act for the assessment year 2013-14. The Assessing Officer disallowed the deductions, and the decision was upheld by the National Faceless Appeal Centre, Delhi (NFAC) or the Commissioner of Income Tax (Appeals) [CIT(A)]. The society appealed to the ITAT Surat.
The ITAT Surat considered the submissions made by the societ...
