Fuel cost to be ascertained by detailed empirical analysis in absence of evidences

Gopal Muwel Vs ITO (ITAT Indore)

ITAT Indore held that in absence of evidence, expense on fuel cost occurred on deployment of JCB’s on rent needs to be ascertained by way of proper and detailed empirical analysis. Accordingly, matter remanded back to the file of AO.

Facts- The assessee is involved in the business of renting of JCB Machineries. The total income of the Assessee was computed & assessed at Rs. 63,98,910/-. The total income as per the return of income filed was at Rs.6,12,710/-. The addition/variation in respect of issue involved was made

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