TOVASTE PROPINVEST P.LTD,MUMBAI vs. ITO 9(3)(3), MUMBAI

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ITA 1215/MUM/2015Status: DisposedITAT Mumbai09 November 2016AY 2011-124 pages
AI SummaryPartly Allowed

What did the Tribunal hold?

The tribunal restored the matter of director's remuneration of Rs. 1,95,000 to the AO for verification of its reflection in the director's return. The balance remuneration of Rs. 60,000 was confirmed. The other disallowances were dismissed as substantial relief was already granted by the CIT(A).

What were the facts?

The assessee company's appeal for AY 2011-12 involved disallowance of director's remuneration and ad-hoc disallowances for vehicle and miscellaneous expenses. The Assessing Officer disallowed Rs. 2,55,000 for director's remuneration and Rs. 50,000 each for vehicle and miscellaneous expenses.

What were the issues?

Whether the disallowance of director's remuneration was justified and the extent of other ad-hoc disallowances.

Which sections of the Income-tax Act were involved?

Section 40A(2)(a)

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, “H” BENCH, MUMBAI

Before: SHRI SAKTIJIT DEY, JM & SHRI MANOJ KUMAR AGGARWAL, AM

For Appellant: Shri K.C. Kanojia, DR
For Respondent: Shri K.C. Kanojia, DR

आदेश की प्रनिलऱपप अग्रेपषि/Copy of the Order forwarded to : अऩीराथी / The Appellant 1. प्रत्मथी / The Respondent 2. आमकय आमुति(अऩीर) / The CIT(A) 3. आमकय आमुति / CIT – concerned 4. ववबागीम प्रयियनधध, आमकय अऩीरीम अधधकयण, भुंफई / DR, ITAT, Mumbai 5. गार्ड पाईर / Guard File 6. आदेशाि सार/ BY ORDER,

उप/सहायक पुंजीकार (Dy./Asstt. Registrar) आयकर अपीऱीय अधिकरण, भुंफई / ITAT, Mumbai

Sr. No. Details Date Initials Designation 1 Draft dictation sheets are attached Self Sr.PS/PS Typed on computer by Member 2 Draft dictated on Sr.PS/PS 3 Draft Placed before author Sr.PS/PS 4 Draft proposed & placed before JM/AM the Second Member 5 Draft discussed/approved by JM/AM Second Member 6 Approved Draft comes to the Sr.PS/PS Sr.PS/PS 7 Order pronouncement on Sr.PS/PS 8 File sent to the Bench Clerk Sr.PS/PS 9 Date on which the file goes to the Head clerk 10 Date on which file goes to the AR 11 Date of Dispatch of order

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