ITAT Delhi Disallowed Website Expense Due to Accommodation Entry Findings

Manish Pahwa Vs ITO (ITAT Delhi) Bank Trail Can Save, Mere Invoices Can’t: ITAT Partly Sustains Additions, Remands Property Investment Issues The Delhi Bench of the Income Tax Appellate Tribunal partly allowed the assessee’s appeal for AY 2011-12, arising from a reassessment under section 147, dealing with multiple additions relating to property investment, improvement cost, alleged bogus expenditure and cash deposits. On unexplained investment in property (₹26.50 lakh) under section 69, the Tribunal noted that the assessee claimed funding through a bank overdraft facility, supported by ...