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S.14A Addition in Excess of Expenses debited to P/L a/c not permissible
Case Law Details
- Case Name
- The A. C. I. T. Vs Smt. Neeta M. Patel (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009- 10
- Courts
- All ITAT, ITAT Ahmedabad
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Regarding ground No.2 also, the learned DR supported the assessment order whereas the learned AR supported the order of the learned CIT(A). He also submitted a copy of the profit & loss account of the assessee for the present year and pointed out that apart from purchase of Rs.65,79,796/-, only four amounts are debited to the profit & loss account i.e. Rs.30,153/- being administrative expense, Rs. 25,070/- being interest expenses, Rs.5,694/- being other expenses and Rs.9,196/- being depreciation. He drawn our attention to the order of the learned CIT(A) that the learned CIT(A) has alre...
