https://www.taxtmi.com/caselaws?id=176107 The court upheld the CIT(A)'s decision in favor of the respondent limited company, ruling that the assessing officer's power is limited to examining certified accounts under the Companies Act. The court found insufficient factual assertions to determine the outcome of the rural development program expenses issue. Based on precedents, the court ruled in favor of the assessee regarding the debenture issue expenses. The appeal was disposed of without costs, providing a detailed analysis for each issue raised under Section 260A of the Income Tax Act for the assessment year 1989-90. en-us Fri, 13 Sep 2013 00:00:00 +0530 Wed, 16 Nov 2016 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176107 The court upheld the CIT(A)'s decision in favor of the respondent limited company, ruling that the assessing officer's power is limited to examining certified accounts under the Companies Act. The court found insufficient factual assertions to determine the outcome of the rural development program expenses issue. Based on precedents, the court ruled in favor of the assessee regarding the debenture issue expenses. The appeal was disposed of without costs, providing a detailed analysis for each issue raised under Section 260A of the Income Tax Act for the assessment year 1989-90. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176107