ITAT Patna Orders Re-Examination of Transport Business Expenses

DCIT Vs Trimurti Concern Pvt. Ltd (ITAT Patna) The case of DCIT vs. Trimurti Concern Pvt. Ltd., heard by the ITAT Patna, centered on a dispute over the disallowance of business expenses claimed by the assessee for the assessment year 2014-15. The assessee, Trimurti Concern Pvt. Ltd., had originally filed a return declaring a total income of Rs. 28,87,270. However, during a scrutiny assessment, the Assessing Officer (AO) made a significant addition of Rs. 4,68,55,195 to the assessee’s income, citing alleged discrepancies and the use of self-generated vouchers for a large number of outwar...