No notional income addition without evidence: ITAT Jaipur

Ahluwalia Erectors & Febricators Pvt. Ltd. Vs ACIT (ITAT Jaipur) The case of Ahluwalia Erectors & Fabricators Pvt. Ltd. vs. ACIT before the Income Tax Appellate Tribunal (ITAT) Jaipur addressed multiple disallowances made by the Assessing Officer (AO) and upheld or modified by the Commissioner of Income Tax (Appeals) [CIT(A)]. Key issues included disallowances for depreciation, interest on loans, business promotion expenses, salary expenses, and building renovation expenses. Depreciation and Interest on Vehicles The AO disallowed depreciation and interest expenses totaling ₹5,32,219 ...