Shivshakti Vehicle Agency (P) Ltd. v. Asstt. CIT

Case Laws Analysis
REFERRED Checkmate Services (P) Ltd v CIT 2022 TaxPub(DT) 6647 (SC)
REFERRED V.C. Arunai Vadivelan v. Asstt. CIT 2021 TaxPub(DT) 0811 (Mad-HC)

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The Tax Publishers2024 TaxPub(DT) 1994 (Nag-Trib) IN THE ITAT NAGPUR BENCH S. S. GODARA, J.M. & G. D. PADMAHSHALI, A.M. Shivshakti Vehicle Agency (P) Ltd. v. Asstt. CIT ITA No. 030/NAG/2023 16 April, 2024 Assessee by: Kapil Hirani (learned Authorised Representative) Revenue by: Abhay Marathe (learned Departmental Representative) ORDER *G. D. Padmahshali, A.M.* This appeal challenges DIN & order No. ITBA/NFAC/S/250/2022-23/1048738417(1) dated 16-1-2023 passed under section 250 of the Income-tax Act, 1961 (the Act hereinafter) by the National Faceless Appellate Centre (NFAC hereinafter) for assessment year 2014-15 (AY hereinafter). 2. Briefly stated facts of the case are that; 2.1 the assessee company is engaged in the trading business of Two-wheelers which filed its return of income for assessment year 2014-15 declaring total income of R Rs. 3,54,860. The case of the assessee was subject to scrutiny wherein the assessment was framed under section 143(3) of the Act by making three bullet additions owning various disallowances viz; (1) disallowance of Rs. 1,40,291 being 25% of incentives paid to sales staff where related vouchers lacked key details of incentives paid (2) disallowance owning to delayed remittance of ESIC contribution Rs. 24,118 made on the basis of Tax Audit Report (TAR hereinafter) and (3) disallowance of interest on delayed payment of TDS etc. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers2024 TaxPub(DT) 1994 (Nag-Trib)

IN THE ITAT NAGPUR BENCH

S. S. GODARA, J.M. & G. D. PADMAHSHALI, A.M.

Shivshakti Vehicle Agency (P) Ltd. v. Asstt. CIT

ITA No. 030/NAG/2023

16 April, 2024

Assessee by: Kapil Hirani (learned Authorised Representative)

Revenue by: Abhay Marathe (learned Departmental Representative)

ORDER

G. D. Padmahshali, A.M.

This appeal challenges DIN & order No. ITBA/NFAC/S/250/2022-23/1048738417(1) dated 16-1-2023 passed under section 250 of the Income-tax Act, 1961 (the Act hereinafter) by the National Faceless Appellate Centre (NFAC hereinafter) for assessment year 2014-15 (AY hereinafter).

2. Briefly stated facts of the case are that;

2.1 the assessee company is engaged in the trading business of Two-wheelers which filed its return of income for assessment year 2014-15 declaring total income of R Rs. 3,54,860. The case of the assessee was subject to scrutiny wherein the assessment was framed under section 143(3) of the Act by making three bullet additions owning various disallowances viz; (1) disallowance of Rs. 1,40,291 being 25% of incentives paid to sales staff where related vouchers lacked key details of incentives paid (2) disallowance owning to delayed remittance of ESIC contribution Rs. 24,118 made on the basis of Tax Audit Report (TAR hereinafter) and (3) disallowance of interest on delayed payment of TDS etc.