2019 (9) TMI 1713

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ra, JCIT ORDER PER N.R.S. GANESAN, JUDICIAL MEMBER: Both the appeals of the assessee are directed against the respective orders of the Commissioner of Income Tax (Appeals), Salem, for the assessment year 2013-14. Since common issue arises for consideration in both the appeals, we heard these appeals together and disposing the same by this common order. 2. There was a delay of 24 days in filing....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sidering the expenditure was taken as income and tax was levied. According to the Ld. counsel, the assessee filed petition under Section 154 of the Act which was rejected by the Assessing Officer. For the subsequent year, registration was granted under Section 12AA of the Act. According to the Ld. counsel, since admittedly registration was not available under Section 12AA of the Act for this asses....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he assessee. Admittedly, registration under Section 12AA of the Act was not available to the assessee during the year under consideration. Therefore, income of the assessee has to be computed commercially by allowing all the expenditure for earning the income. In other words, the total expenditure incurred by the assessee for earning the income has to be reduced and whatever remains has to be brou....