Case Law Details
Case Name : ACIT Vs M/s. Mackintosh Burn Ltd (ITAT Kolkata)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Kolkata
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ACIT Vs M/s. Mackintosh Burn Ltd (ITAT Kolkata)
The issue is whether the addition in question can be made u/s 41(1). The ld. CIT(A) has already concluded that no additions can be made u/s 41(1) of the Act. He agreed that the propositions of law cited by the assessee are in its favour and hence addition u/s 41(1) of the Act is bad in law. While doing so, the ld. CIT(A) has surprisingly restricted the disallowance to 50% of the outstanding balance on an ad hoc basis. This is not permitted in law. The ld. CIT(
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