Raj Kishan & Company vs The ITO, Ward-2(1), Chandigarh
Parties Involved
Facts Summary
The assessee, Raj Kishan & Company, filed an appeal against the order of the Commissioner of Income Tax (Appeals) for the assessment year 2013-14. The assessee had filed its return of income on 29.09.2013 declaring a total income of Rs.3,87,840/-. The original assessment was completed on 22.03.2016 determining the total income at Rs.16,65,785/-. After appellate proceedings, the additions were deleted, and the income was determined at Rs.3,87,840/-. A reassessment was initiated, and the Assessing Officer disallowed certain expenses, leading to a disallowance of Rs.2,38,979/-. The assessee challenged this reassessment before the Commissioner of Income Tax (Appeals), who upheld the reassessment.…
Decision in favour of
Assessee
Legal Issues
- 1. Wrong starting figures by Assessing Officer
- 2. Disallowance of vehicle-loan interest
- 3. Disallowance of salary and wages
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
3 precedents cited in this judgement.
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