Computer Accessories is Revenue Expense Because of Recurring Nature: ITAT Mumbai

DCIT Vs Tata AIG General Insurance Company Ltd. (ITAT Mumbai) The appeal before the Income Tax Appellate Tribunal, Mumbai Bench arose from an order of the Commissioner of Income-tax (Appeals) for Assessment Year 2013–14, which had granted relief to the assessee by deleting multiple additions and disallowances made by the Assessing Officer under section 143(3) of the Income-tax Act, 1961. The Revenue challenged these deletions through several grounds. The Assessing Officer had originally completed the assessment by determining a higher total income after making various additions, including di...