My photo
New Delhi, New Delhi, India
Believe nothing, no matter where you read it, or who said it, no matter if I have said it, unless it agrees with your own reason and your own common sense...
Powered By Blogger

Monday, July 23, 2012

Assessee entitled deduction U/s. 43B based on the Tax Audit Report

ACIT, New Delhi 


Indian Farmer Fertilizers Co-op Ltd.

In the case of ACIT, New Delhi vs. Indian Farmer Fertilizers Co-op Ltd.., [ ITA No.3350/Del/2009 and 1194/Del/2011 for the A.Y. 2005-06 & 2006-07, Hon'ble Income Tax Appellate Tribunal, Delhi has held that, an assessee would be entitled to deduction u/s. 43B of the Income Tax Act, 1961 on the basis of Tax Audit Report, even though no supporting evidence for payment had been produced before the Assessing officer during the course of scrutiny proceedings.

No comments:

Post a Comment