2015 (7) TMI 741

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he Respondent : None ORDER CM APPL No. 11275/2015 (for exemption) 1. Exemption allowed subject to all just exceptions. 2. The application is disposed of. ITA No. 368/2015 3. This appeal is directed against the impugned order dated 18th November 2014 passed by the Income tax Appellate Authority ('ITAT') in ITA No. 4096/Del/2013 relating to the Assessment Year 2009-10. 4....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of the Revenue. Relying on the decisions in Maxopp Investments Limited v. Commissioner of Income Tax 347 ITR 272 (Del) and Auchtel Products Limited v. ACIT 22 Taxman.com (1999) (Mum.) the ITAT came to the conclusion that it was incumbent on the AO to have recorded that he is not satisfied with the correctness of the claim of the Assessee in respect of such expenditure which did not part of the inc....