Adhoc Disallowances Without Defects Unsustainable: ITAT Delhi

CA Vijayakumar Shetty 23 Sep 2025 411 Views 0 comment Print Income Tax | Judiciary

Case Law Details

Case Name : DCIT Vs FMI Automotive Components Pvt. Ltd. (ITAT Delhi)

Related Assessment Year : 2017-18

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DCIT Vs FMI Automotive Components Pvt. Ltd. (ITAT Delhi) Adhoc Disallowances Without Defects Unsustainable – Delhi Tribunal Grants Full Relief; Revenue’s Case Collapses: ITAT Delhi Deletes Additions on Forex, Repairs & Insurance Claim Revenue filed appeal against the order of CIT(A), NFAC, Delhi dated 30.05.2024 deleting various disallowances made by AO in the assessment of FMI Automotive Components Pvt. Ltd., a joint venture of Futaba Industrial Co. Ltd. & Maruti Suzuki India Ltd. AO had disallowed foreign exchange fluctuation loss of Rs.5.90 crore on foreign currency loan util...

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Author Bio

Name: CA Vijayakumar Shetty

Qualification: CA in Practice

Company: Shetty & Co, Chartered Accountants, Mangalore

Location: Mangalore, Karnataka, India

Member Since: 17 Feb 2018 | Total Posts: 4795

CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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Case Law Details

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Author Bio

Name: CA Vijayakumar Shetty

Qualification: CA in Practice

Company: Shetty & Co, Chartered Accountants, Mangalore

Location: Mangalore, Karnataka, India

Member Since: 17 Feb 2018 | Total Posts: 4795

My Published Posts

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