|
The Tax Publishers2020 TaxPub(DT) 2676 (Chd-Trib) INCOME TAX ACT, 1961
Section 143(3)
Where assessee contended that one more opportunity be granted to it to substantiate its claim considering undisputed fact that all documents were lost by assessee in a major fire and procuring evidence to substantiate its claim therefore was a very difficult process, therefore, issue as regards disallowance prior period expenses, foreign exchange fluctuation, and disallowance of write off of earnest money deposit was restored back to AO.
|
Assessment - Disallowance of prior period expenses, foreign exchange fluctuation, and disallowance of write off of earnest money deposit - Documents lost in major fire -
Issue was as regards disallowance of prior period expenses, foreign exchange fluctuation, and disallowance of write off of earnest money deposit. Held: There was merit in claim of assessee that one more opportunity be granted to it to substantiate its claim considering undisputed fact that all documents were lost by assessee in a major fire and procuring evidence to substantiate its claim therefore was a very difficult process. Therefore, issue was restored back to AO to consider it afresh.
REFERRED :
FAVOUR : Matter remanded
A.Y. : A.Y. 2011-12
INCOME TAX ACT, 1961
Section 32
SUBSCRIBE FOR FULL CONTENT
|