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Expenditure Cannot Be Disallowed Solely for Non-Response to Notices U/s 133(6); Matters Remanded for Proper Verification
Case Law Details
- Case Name
- E2E Supply Chain Solutions Limited Vs ACIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2008-09 & 2013-14
- Courts
- All ITAT, ITAT Chennai
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E2E Supply Chain Solutions Limited Vs ACIT (ITAT Chennai)
Expenditure Cannot Be Disallowed Solely for Non-Response to Notices u/s 133(6); Matters Remanded for Proper Verification
The assessee, a logistics and supply chain company engaged in transportation, stevedoring and warehousing services, reported turnover of about ₹43.31 crore for AY 2013-14. During assessment, the AO disallowed substantial expenditure aggregating to ₹40.66 crore, including ₹35.51 crore towards freight and allied expenses alleging that certain transporters were fictitious, and ₹5.12 crore u/s 40A...
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