Aadarsh Laddha (L/H. of Kailash Chand Laddha)
Case No: ITA No. 1013/KOL/2025
Court: Income Tax Appellate Tribunal, 'SMC' Bench, Kolkata
Date: 12/31/2025
Parties Involved
appellantAadarsh Laddha
respondentIncome Tax Officer
Facts Summary
The assessee, Aadarsh Laddha, filed his return of income electronically on 21.09.2016 declaring a total income of Rs.10,55,930/-. The case was selected for limited scrutiny due to low income compared to large commission receipts and mismatch in sales turnover reported in audit report and ITR. The assessee was engaged in general commission agent, earned interest income and also trading in shares. He disclosed gross receipts of Rs.67,68,688/- under the head ‘business or profession’ and net profit …
Decision in favour of
Assessee
Legal Issues
- 1. Disallowance of 20% of staff payment and incentive paid to staff
- 2. Disallowance of 20% of conveyance expenses for staff
4 more legal issues analysed in this judgement.
Precedents Relied Upon
3 precedents cited in this judgement.