Claim made through invalid revised return can also be considered

Last updated: 24 November 2012

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
The appellant has raised following grounds of appeal:- (1) “The learned CIT(A) has grossly erred on the facts of the case and in law upholding disallowance of actual incurred expenditure of Rs.3,20,514/- being the management fee paid to ICICI Prudential Asset Management Pvt. Ltd. during the year on the arbitrary ground. (2) The learned CIT(A) has grossly erred on the facts of the case and in law in upholding disallowance the actual incurred expenditure of Rs.5,00,000/- paid to M/s Kotak Mahindra Capital Company Ltd. on the arbitrary ground. (3) The appellant seeks leave to add or to amend the foregoing grounds of appeal, if it becomes necessary to do so in the interest of justice.

Citation :
M/s Mahajan Industries Pvt. Ltd., NDSE, Part-II, South Extension, New Delhi. PAN-AAACM0878R (APPELLANT) Vs ITO, Ward-6(41,New Delhi. (RESPONDENT)