Pre-Existence MOU Invalidates Transport Claim: ITAT Upholds Disallowance

MI PKS (JV) Vs ITO (ITAT Ahmedabad) No Work Before Birth: JV Not Born Yet, But MOU Signed? -Pre-Existence MOU Falls Flat: ITAT Disallows Entire Transport Claim of JV- ITAT Confirms Both Transport & Sublet Disallowances Assessee, a Joint Venture AOP formed on 17.04.2017, received ₹13.02 crore from Western Railways for earthwork & sub-contracted the entire job to PKS Technobuild Pvt Ltd vide agreement dated 18.04.2017. Assessee passed on ₹12.36 crore to the sub-contractor but also claimed separate transportation expense of ₹41,48,000 & sublet expense of ₹5,19,692. AO disallow...