Expenses related to business can claime as deduction and show cause notice is not condition precedent for charging interest under sec 217

Last updated: 14 June 2012

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Court :
HIGH COURT OF DELHI

Brief :
In paragraph 2 of the judgment, it was pointed out by this Court that the learned counsel for the assessee/appellant confined his grievance only to disallowance of payment of `2,00,000/- made to one Mr. Sunil Kumar. This issue has been considered and decided in favour of the appellant/assessee holding that there was sufficient evidence to prove the expenditure of `2,00,000/- by the assessee

Citation :
RAHULJEE & COMPANY PVT. LTD. . . . APPELLANT/REVIEW PETITIONER Through: Mr. P.L. Juneja, Advocate. VERSUS INCOME TAX APPELLATE TRIBUNAL-I & OTHERS . . . RESPONDENTS Through: Mr. Sanjeev Sabharwal, Sr. Standing Counsel.

Daily Limit Reached