Section 115BBE not applicable to expenses adequately explained during assessment

Icenet. Net Ltd Vs ITO (ITAT Ahmedabad) ITAT allowed internet expenses and labour charges as business expenses and further held that Section 115BBE not applicable to expenses adequately explained during assessment Introduction: In the case of Icenet. Net Ltd. vs. ITO, the issue revolved around the disallowance of certain expenses made by the Assessing Officer, which was later confirmed by the CIT(A). The disallowed expenses were related to internet expenses and labour charges, and the assessee appealed before the Income Tax Appellate Tribunal (ITAT) Ahmedabad. Analysis: The ITAT Ahmedabad exam...