https://www.taxtmi.com/caselaws?id=762316 ITAT Delhi partly allowed Revenue's appeal in assessment u/s 153C case. AO disallowed expenses u/s 37 citing lack of supporting evidence and non-cooperation during search. ITAT held routine expenses acceptable but found insufficient evidence for accommodation charges, business promotion expenses, and tour/travel expenses. Court noted assessee already offered Rs. 9 lakhs disallowance and restricted total disallowance to Rs. 15 lakhs out of Rs. 42,42,974 claimed expenses. Challenge to s. 153C proceedings dismissed following precedent. Depreciation and TDS interest disallowances by AO deemed unjustified as assessee had already disallowed these amounts. en-us Tue, 26 Nov 2024 00:00:00 +0530 Thu, 28 Nov 2024 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762316 ITAT Delhi partly allowed Revenue's appeal in assessment u/s 153C case. AO disallowed expenses u/s 37 citing lack of supporting evidence and non-cooperation during search. ITAT held routine expenses acceptable but found insufficient evidence for accommodation charges, business promotion expenses, and tour/travel expenses. Court noted assessee already offered Rs. 9 lakhs disallowance and restricted total disallowance to Rs. 15 lakhs out of Rs. 42,42,974 claimed expenses. Challenge to s. 153C proceedings dismissed following precedent. Depreciation and TDS interest disallowances by AO deemed unjustified as assessee had already disallowed these amounts. Case-Laws Income Tax Tue, 26 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762316